32141, Edgewater, FL

The 32141 zip code of Edgewater, FL is located in the Tampa Bay Area and has a population of around 103,000. Home prices in this zip code have increased by an average of 9.5% over the past year, which is much higher than the national average of 3.8%. The median home value in this zip code is $269,500, which is significantly higher than the Florida median home value of $157,200. The percentage of homes that are owner-occupied in this zip code is 68%, which is lower than the statewide average of 71%. The percentage of homes that are renter-occupied in this zip code is 32%, which is lower than the statewide average of 37%.

One reason why home prices have increased so much in this zip code over the past year is because there are a lot of new developments being built here. There are also a lot of people who are buying their first homes or upgrading to larger homes here. Another reason why home prices have increased so much in this area over the past year is because there has been an increase in demand for housing stock overall. There has been an increase in jobs and wages throughout the Tampa Bay Area, which has led to more people wanting to live here. Finally, there has been an increase in interest rates throughout the country over the past year, which has made it more expensive for people to borrow money to buy a house.