32713, Debary, FL

Debary, Florida is located in the 32713 zip code. According to the 2010 census, the population of Debary was 10,851. The median home value in Debary is $127,000. Home equity in Debary has increased significantly over the past few years. In 2008, the median home equity was $92,000. By 2012, this had increased to $128,000. This trend is likely to continue as more and more people are able to purchase homes in Debary at a lower price than they were previously able to do.

The reason for this increase in home equity is likely due to several factors: 1) The recent recession has caused many people who were unable or unwilling to buy homes before to be able to do so; 2) The availability of low-interest loans has made it possible for more people to purchase homes; and 3) The increasing prices of housing throughout Florida have made it possible for people who may not have been able afford a home before nowto be ableto purchase one.

Despite these positive trends, there are some risks associated with having high levels of home equity: 1) If interest rates rise again and borrowers are unable or unwilling to pay back their loans; 2) If there is a sudden decrease in house prices which would cause borrowers' mortgages (and thus their home equity)to become worth less than what they originally paid for them; and 3) If there is an economic downturn which would cause borrowers' jobs or incomes not be sufficient enoughtotake care of their mortgage payments and thus reduce or even eliminate theirhome equity altogether.