32216, Jacksonville, FL

The 32216 zip code of Jacksonville, FL has a population of over 214,000 and a median home value of $128,000. The average home equity in this zip code is $51,000. This means that the typical homeowner in this zip code has over $50,000 in equity in their home.

There are a number of factors that contribute to the high home equity values in this zip code. First and foremost, Jacksonville is one of the most desirable cities to live in Florida. It has a strong economy with plenty of jobs and an excellent school system. Additionally, homes here tend to be larger and newer than those found elsewhere in Florida. This means that there is more demand for homes here than there are available units, which drives up prices.

Another factor contributing to the high home equity values in this zip code is the low interest rates currently being offered by lenders. Due to the current economic conditions, many homeowners are able to get loans with very low interest rates which helps them save money on their mortgage payments over time. This keeps housing prices high and allows homeowners to accumulate more equity in their homes over time.