32811, Orlando, FL

The 32811 zip code of Orlando, FL is one of the most popular and expensive zip codes in the United States. Home values in this zip code have increased significantly over the past several years, making it one of the most desirable places to live in Florida.

According to Zillow, the median home value in this zip code was $269,200 as of September 2017. This is a significant increase from the $172,000 median home value recorded just five years earlier. The average price per square foot for homes in this zip code was also significantly higher than the national average. As of September 2017, homes in this zip code were selling for an average of $239 per square foot.

One reason why home values have increased so much in this particular area is because there are a lot of high-quality homes available for sale. In addition, Orlando has been experiencing strong economic growth over the past few years which has led to more jobs and businesses moving into the area. This has resulted in more people looking to purchase or rent homes here, which has driven up prices even further.

Despite these positive factors, there are some potential risks associated with buying or renting a home in this ZIP code. For example, there may be a shortage of housing stock available due to all of the recent growth activity within Orlando. Additionally, if interest rates rise again later on down the road, homeowners could find themselves facing significant financial challenges when it comes time to pay their mortgages or rent payments.