32536, Crestview, FL

The 32536 zip code of Crestview, FL is located in the Tampa Bay Area and has a population of approximately 39,000. Crestview is a suburb of Tampa and has a median household income of $101,000. Home prices in the 32536 zip code have increased significantly over the past several years, reaching an all-time high of $269,900 in February 2018. The average home value in the 32536 zip code is now $236,500.

Home equity is an important part of many Americans' lives. Home equity allows homeowners to borrow money against their homes to cover expenses or invest in other ventures. Home prices are one measure of home equity value. In general, higher home values mean more home equity available for borrowers to use as they see fit.

The trend in home prices over time can provide valuable insights into how the market is performing overall and what factors may be influencing demand for homes within a particular area. In Crestview, FL, there has been a significant increase in home values over the past few years – from an average value of $157,500 in January 2013 to an all-time high of $269,900 in February 2018 (an increase of 116%). This rapid price growth has led to significant increases in homeowners' home equity – from an average value of $111,600 at the beginning of 2013 to an average value of $236,500 as of February 2018 (an increase of 128%).

There are several possible explanations for this trend:

1) Rising demand – Rising demand may be due to increasing interest rates or other factors that make owning a home more attractive than it was previously.

2) Increased availability – Increased availability could be due to new construction or refinancing activity within the area that has brought more homes onto the market than previous years.

3) Improved economy – A strong economy may lead people with higher incomes to want to buy or upgrade their homes rather than rent or live elsewhere.

4) Stronger housing market fundamentals – While any one factor (such as increased demand) cannot explain every instance where prices have increased rapidly across an entire market area*, strong housing market fundamentals (such as low unemployment rates and low interest rates) are likely contributing factors behind many such trends*.