33139, Miami Beach, FL

Home Equity and Home Prices in the 33139 Zip Code of Miami Beach, FL

The home equity and home prices in the 33139 zip code of Miami Beach, FL are very high. The median home value in this zip code is $2,811,000. This is a much higher home value than the national median home value of $217,500. The percentage of homes in this zip code that are valued at over $1 million is also very high. This indicates that there are a lot of wealthy people living in this zip code.

One reason for the high home values in this zip code is likely the large number of luxury homes that are located here. There are a lot of expensive properties available for sale in this area, which has led to an increase in home equity and property prices. Additionally, many people who live in this zip code have incomes that are high enough to afford these expensive homes.

Another reason for the high home values in this zip code may be the low unemployment rate here. A low unemployment rate means that there is a lot of demand for housing stock here, which can lead to higher prices for homes. Additionally, many people who live in this area have jobs that offer good salaries and benefits, which can help them save money on their mortgage payments each month.

Overall, it seems clear that there is a lot of demand for housing stock and property values here are high due to both factors – luxury homes and a low unemployment rate. If you're looking to buy or sell a house within the 33139 zip code, it's important to consult with an experienced real estate agent who can help you find the best deal possible