33018, Hialeah, FL

The 33018 zip code of Hialeah, FL has a population of over 305,000 people and a median household income of over $60,000. The home equity and home prices in this zip code are both very high. As of February 2019, the median home value in this zip code is $305,000. This is a significant increase from the median home value of $217,500 that was recorded in 2018. The average home price growth rate for this zip code between 2018 and 2019 was 10%. This indicates that there is strong demand for homes in this area and that buyers are able to afford to purchase homes at high prices.

One reason why the home equity and home prices in the 33018 zip code are so high is because there is a large number of affluent residents living in this area. Many affluent residents choose to live in Hialeah because it has a strong economy and many amenities that they desire. Additionally, the city has been making efforts to improve its infrastructure which has led to an increase in job opportunities and increased wages for workers. This has made it more affordable for affluent residents to buy homes in Hialeah compared to other areas of Miami-Dade County.

Another factor contributing to the high home values in the 33018 zip code are the low interest rates currently being offered by lenders. Lenders are offering low interest rates because they believe that there is strong demand for homes within this area and that buyers will be able to afford to pay higher prices for homes than they would if interest rates were higher. Low interest rates also make it easier for buyers who have good credit scores to obtain mortgages which can help them purchase homes at high prices without having too much debt burden on their shoulders.