32055, Lake City, FL

The 32055 zip code of Lake City, FL is located in Central Florida and has a population of around 33,000. Home values in this zip code have increased significantly over the past few years and are now among the highest in the state. This is likely due to a number of factors, including strong job growth and low interest rates.

According to Zillow, the median home value in this zip code was $269,200 as of September 2017. This is well above the statewide median home value of $181,600 and makes Lake City one of the most expensive zip codes in Florida. In addition, home values have continued to rise since then and are now estimated at $277,100.

One reason for this high demand for housing in Lake City is undoubtedly its strong job market. The city has seen significant growth over the past few years thanks to a number of major businesses setting up operations there. This includes companies such as Honda Manufacturing North America Inc., which has created hundreds of jobs. Additionally, many new residents are moving into town because they appreciate its close proximity to Orlando – one of Florida’s most popular tourist destinations.

Despite these positive trends, there are some risks associated with buying or investing in homes in Lake City. For example, although interest rates remain low by historical standards, they could eventually increase which could lead to a decrease in home values. Additionally, although Honda Manufacturing North America Inc.'s presence may be good news for local residents' jobs security, it may not be so great for the local economy as a whole if other businesses decide to leave town or reduce their workforce due to competition from this large company.