32798, Zellwood, FL

The 32798 zip code of Zellwood, FL has a population of about 11,000 people. The median household income in this zip code is $60,000 which is lower than the national median household income of $53,046. The unemployment rate in this zip code is about 5% which is lower than the national unemployment rate of 6%. The homeownership rate in this zip code is about 66% which is higher than the national homeownership rate of 63%.

Home prices in the 32798 zip code have been increasing over the past few years. In March 2017, the home prices were estimated to be $181,500. This was an increase from $171,800 in March 2016 and $157,500 in March 2015. Over the past three years, home prices have increased by an average of 9%.

One reason that home prices have increased so much over the past few years may be due to low interest rates. Since 2007, interest rates have been at or near historic lows which has made it more affordable for people to buy homes and invest in home equity. Additionally, there are many new homes being built in Zellwood which has led to an increase in demand for housing units.