33411, West Palm Beach, FL

The 33411 zip code of West Palm Beach, FL is home to a population of over 107,000 people. The median home value in this zip code is $269,000 and the median household income is $86,500. In terms of home equity, the median homeowner in this zip code has a total equity of $193,500. This means that the typical homeowner in this zip code has over 50% more equity than the typical American homeowner.

One reason why homeowners in this zip code have so much equity is because West Palm Beach is one of the most expensive places to live in Florida. The cost of living here is high compared to other parts of the state and it doesn’t help that there are not many job opportunities available here. However, despite being one of the most expensive places to live, homeowners in this zip code still have a lot of money invested in their homes.

Another reason why homeowners in this zip code have so much equity is because they are able to borrow against their homes using mortgages. In fact, according to Zillow®, 68% of homeowners in this zipcode use mortgages for their primary source of financing which means that they are very confident about their ability to repay their loans. This confidence likely comes from the fact that West Palm Beach has one of the lowest foreclosure rates in Florida which means that borrowers here are unlikely to lose their homes if they can’t pay back their loans.

Overall, it’s clear that homeownership and home equity play an important role in residents’ lives here and they are very confident about both things. This makes West Palm Beach an attractive place to live and invest money into your home