32080, Saint Augustine, FL

The 32080 zip code of Saint Augustine, FL has a median home value of $147,000 and a median home equity value of $111,000. These values are higher than the Florida statewide median home value of $127,500 and the national median home equity value of $117,200. The 32080 zip code also has a higher than average percentage of homeowners with mortgages at 84%, which is above the Florida statewide mortgage rate of 74% and the national mortgage rate of 63%.

There are several factors that may contribute to these high home values in the 32080 zip code. First, Saint Augustine is a popular tourist destination with many people owning vacation homes or second homes here. Second, the area has low unemployment rates which may lead to more affluent residents buying homes as an investment rather than using them as their primary residence. Finally, there is strong demand for housing in this area due to its proximity to both Jacksonville and Orlando.