32137, Palm Coast, FL

The 32137 zip code of Palm Coast, FL has a median home value of $269,900 and a median home equity value of $146,000. This is significantly higher than the statewide median home value of $177,500 and the national median home equity value of $142,200.

The main drivers of these high values are likely the large number of luxury homes and estates in this zip code as well as its proximity to both Naples and Melbourne. Additionally, Palm Coast is one of the most affluent areas in Florida and has a high rate of homeownership. This contributes to stability in prices over time as well as increased demand for properties within the zip code.

Despite these positive factors, there are some potential risks that could impact home values in this area. For example, if more people begin to move into the area or if there is an economic downturn that leads to a decrease in demand for luxury homes, prices could decline. Additionally, while homeownership is strongly associated with stability in prices over time, if there are any changes in economic conditions that make it harder for people to afford homes or if interest rates increase significantly from their current levels, this could lead to more volatility in prices.