33016, Hialeah, FL

The 33016 zip code of Hialeah, FL is located in Miami-Dade County and has a population of over 305,000. The median household income in this zip code is $50,000 which is above the national median household income of $53,046. The percentage of households earning over $100,000 is also above the national percentage of households earning over $100,000 at 27.5%.

Home equity in this zip code is high compared to most other zip codes in the United States. In fact, according to Zillow’s Home Value Index (HVI), the home equity in this zip code is worth an average of $269,500. This makes it one of the top 10 home equity zip codes in America and one of the most valuable areas for homeownership within Miami-Dade County.

There are a number of reasons why home equity in this area is so high. First and foremost, Hialeah has a large population that can afford to purchase expensive homes. Additionally, many homes here are owned outright or have low mortgage rates which allows homeowners to borrow more money against their property than they would be able to if they were living elsewhere in Florida or nationwide. Finally, Hialeah has seen very little inflation over the past few years which means that even if prices on goods and services increase by 2%, a homeowner’s home value will only rise by 1%. This combination results in a high level of stability for homeownership values within this area and contributes to its overall ranking as one of the best places to invest your money when it comes to home equity growth potential.