33039, Homestead, FL

The 33039 zip code of Homestead, FL has a median home value of $158,000. This is lower than the statewide median home value of $217,500. The 33039 zip code also has a lower than average percentage of homes with mortgages at 66%. This is higher than the statewide percentage of homes with mortgages at 62%. The 33039 zip code has a higher percentage of homes with equity in their homes at 78%. This is higher than the statewide percentage of homes with equity in their homes at 71%.

There are several factors that could contribute to the lower home values in the 33039 zip code. One reason may be that this area was hit harder by the housing crisis then other parts of Florida. Additionally, this area may have more foreclosures and short sales then other parts of Florida. Finally, this area may have a smaller pool of potential buyers because it is not as affluent as some other parts of Florida.