32686, Reddick, FL

Reddick, FL is located in Sumter County and has a population of 17,851 as of the 2010 census. The 32686 zip code covers an area of 2.5 square miles and has a median home value of $119,000. Home equity in the 32686 zip code has increased by 116% since 2000, which is significantly higher than the national average increase of 57%. In addition, Reddick's home prices have increased faster than the Florida statewide average over this same period.

There are several factors that may contribute to Reddick's high home equity and home prices. First, Reddick is located in a desirable area with plenty of job opportunities. Second, Reddick's infrastructure is well-maintained and there are no major natural disasters or epidemics that could damage homes or neighborhoods. Third, Reddick's residents are generally affluent and have a strong appetite for property ownership. Fourth, Reddick's homeownership rate is above the state average and there are few vacant homes available for purchase or rent. Finally, Reddick's homeowners have been able to keep their homes relatively affordable by avoiding major investments such as renovations or additions.

Despite these positive factors, there are some challenges facing homeowners in the 32686 zip code. For example, rising interest rates may make it more difficult for homeowners to pay off their mortgages over time and may cause housing prices to decline slightly over time if not adjusted for inflation. Additionally, although Reddick's homeownership rate is above the state average , there may be a small number of renters who could become interested in purchasing homes in the future if rents continue to rise at a faster pace than wages . Overall though,, Reddick appears to be doing well economically compared to other areas within Sumter County and nationwide