33177, Miami, FL

The 33177 zip code of Miami, FL is home to a high concentration of wealthy and affluent residents. Home prices in this area have been steadily increasing over the past several years, reaching an all-time high in 2017. The average home price in this zip code is currently $1,898,000.

Home equity is one of the most important financial assets that homeowners can possess. Home equity allows homeowners to borrow against the value of their homes and use that money to pay off other debts or invest in other ventures. Home prices are strongly correlated with home equity values, so it is no surprise that the 33177 zip code has some of the highest home equity values in Miami-Dade County.

Homeowners who are able to increase their home equity values over time will be able to enjoy a significant financial advantage over those who do not have as much equity in their homes. This advantage can be used to pay down debt or save for future goals such as retirement or children's college tuition expenses.