32435, Defuniak Springs, FL

The 32435 zip code of Defuniak Springs, FL has a median home value of $101,000 and a median home equity of $102,000. This is significantly higher than the Florida statewide median home value of $77,500 and the national median home equity of $81,200. The 32435 zip code also has a significantly higher percentage of homes with a mortgage than the statewide or national percentages: 73% vs. 57% and 66%, respectively. This suggests that homeowners in the 32435 zip code are more likely to have access to affordable financing options than homeowners in other parts of Florida or nationally.

One potential explanation for this trend is that Defuniak Springs is an affluent community. As such, homeowners in the 32435 zip code are more likely to be able to afford high-priced homes without having to resort to expensive financing options. Additionally, Defuniak Springs residents may be more confident in their financial stability than residents in other parts of Florida or nationally because they have access to ample resources (such as high home values) that can protect them from economic downturns.