32433, Defuniak Springs, FL

There are a total of 1,827 homes for sale in the 32433 zip code. The median home price is $128,000 and the median home equity value is $83,000. Defuniak Springs has a population of just over 10,000 people and there are only 83 homes for sale which means that the demand for housing in this zip code is very high. This high demand has caused the median home price to increase by almost 50% since 2012 and the median home equity value to increase by almost 60%.

The main reason that Defuniak Springs has seen such an increase in home prices is because there is a lot of interest in this area due to its proximity to Walt Disney World and other popular tourist destinations. Additionally, Defuniak Springs has been experiencing strong economic growth over the past few years which has led to more jobs being created in the area. As a result, more people are able to afford homes here and are therefore driving up prices.

Despite these positive trends, there are some risks associated with buying a home in Defuniak Springs. For example, if there was an economic downturn or another housing market crash then prices could fall significantly as buyers would be forced to sell their homes at lower prices. Additionally, if you are looking to buy a home in this zip code you will need plenty of money saved up as mortgage rates here are currently very high at around 4%.