32724, Deland, FL

The 32724 zip code of Deland, FL has a median home value of $154,000 and a median home equity value of $117,000. The average home size in the 32724 zip code is 2 bedrooms and 1 bathroom. Approximately 55% of the homes in the 32724 zip code are owner-occupied while 45% are occupied by renters. The average commute to work is 26 minutes.

There has been an increase in home values over the past five years in the 32724 zip code. In 2012, the median home value was $130,000 while the median home equity value was $106,000. In 2016, the median home value increased to $154,000 while the median home equity value increased to $117,000. This indicates that there has been an increase in demand for homes in this area and that people are able to afford more expensive homes than they were five years ago.

One reason for this increase in prices may be due to low interest rates. Interest rates have been at historic lows for many years now which makes it easier for people to borrow money and buy a house. Additionally, Deland is located within a desirable area with plenty of amenities such as restaurants and shopping malls. This may also contribute to higher prices by attracting more buyers who want to live near these types of amenities.