32132, Edgewater, FL

The 32132 zip code of Edgewater, FL is located in the heart of South Florida. The area has a population of over 215,000 and is home to many high-end luxury homes. Home values in this zip code have been on the rise for several years, reaching an all-time high in 2017.

There are a number of factors that contribute to the high home values in this area. First and foremost, there is a large concentration of luxury homes here. Secondly, the local economy is strong and continues to grow at a rapid pace. Finally, there is limited supply of properties available for purchase which drives up prices.

As of 2018, the median home value in this zip code was $1,099,000. This represents an increase of over 20% from 2017 when the median home value was $941,500. Over the past five years (2013-2018), the median home value has increased by over 50%. In fact, during that time period there were only two months where the median home value decreased by more than 1%.

Given these strong market conditions it's no surprise that property values have continued to rise year after year. As of August 2019, property values in this zip code had reached an all-time high with a median price tag of $1,269,000!