32962, Vero Beach, FL

The 32962 zip code of Vero Beach, FL has a population of about 97,000 people. The median household income in this zip code is about $73,000, and the median home value is about $224,500. This means that the home equity in this zip code is quite high. In fact, the average home equity in this zip code is about $236,000.

One reason that the home equity in this zip code is so high is because there are a lot of homes here that are worth a lot of money. In fact, according to Zillow, the average home value in this zip code has increased by about 22% over the past year. This means that there are a lot of people who are able to borrow against their homes and use that money to buy things or invest it elsewhere.

Another reason why the home equity in this zip code is high is because there are a lot of people who have mortgages on their homes here. According to Zillow, approximately 60% of all homes in this zip code have mortgages on them. This means that if someone were to lose their job or get into some other financial trouble, they would likely be able to keep up their mortgage payments for now but would likely face some serious problems if they couldn't do so soon enough.