32462, Vernon, FL

The 32462 zip code of Vernon, FL is located in the Tampa Bay Area and has a population of around 107,000. Home prices in this area have been on the rise for the past few years, with an average home price of $183,000 as of 2018. This is a bit higher than the statewide average of $157,500 but still below some other areas in Florida such as Orlando which has an average home price of $239,900.

One reason that home prices in this area are rising is that there is a lot of demand for homes here. The population growth rate in this zip code is above the statewide average and there are plenty of people who want to live here. Additionally, many people are moving to Vernon from other parts of Florida because it has a good quality of life and excellent schools.

Another factor contributing to the increase in home prices in Vernon is that interest rates have been low for a long time now. This means that buyers can get mortgages with lower interest rates than they would be able to get elsewhere. Additionally, there are not many new homes being built in this area so demand remains high even if prices don’t go up as much as they would if more houses were available for sale.