32168, New Smyrna Beach, FL

The 32168 zip code of New Smyrna Beach, FL is located in Volusia County and has a population of approximately 20,000. The median household income in this zip code is $60,000 and the median home value is $225,000. Home equity in this zip code has increased by approximately 50% over the past five years.

There are a number of factors that have contributed to the increase in home equity in this zip code. First, the market for homes in this area has been strong over the past few years. Second, many homeowners here have taken advantage of low interest rates to borrow against their homes' values and invest the money elsewhere. Finally, many homeowners here have made significant improvements to their homes - such as adding new roofs or windows - which has increased their property's value significantly.

Despite these positive trends, there are some risks associated with increasing home equity. If interest rates rise again or if the market for housing dries up suddenly, many homeowners here could find themselves facing significant financial difficulties. Additionally, if a homeowner decides to sell their home soon after it has increased in value significantly - particularly if they did not make any major improvements to their property - they may not be able to get as much money for it as they would have if they had waited longer.