32837, Orlando, FL

The 32837 zip code of Orlando, FL is one of the most popular and affluent areas in the state. Home prices in this area have increased significantly over the past few years, making it a desirable place to live. In fact, according to Zillow, the median home value in this zip code is $323,900.

One reason for this high home value is that there are a lot of affluent residents in this area. According to Forbes, the median household income in 32837 is $101,813. This means that a large majority of homeowners in this zip code are able to afford to pay high home prices.

Another factor contributing to the high home values in 32837 is the strong economy. Since 2007, when the recession began, unemployment rates have been low and job growth has been strong overall. This has led to an increase in demand for homes and consequently an increase in home prices.

There are some caveats to consider when looking at home values in 32837 though. First of all, there is a limited supply of homes available for sale compared to other areas of Orlando so prices may be higher than they would be elsewhere if more houses were available for purchase. Secondly, although incomes have increased over the past few years, not everyone can afford to buy a house at these elevated prices – especially if they are trying to save for down payment or other expenses associated with buying a house such as closing costs or property taxes.