33446, Delray Beach, FL

The 33446 zip code of Delray Beach, FL is a popular area to live in because of the many amenities and attractions that are available. The home equity and home prices in this area are high due to the many affluent residents who have invested in homes here. The median home value in this zip code is $1,000,000 which is significantly higher than the national median home value of $177,500. The average list price for homes in this zip code is $1,295,000 which also places it among the most expensive zip codes in Florida.

The main drivers of home equity and home prices are typically interest rates and local market conditions. When interest rates are low, homeowners may be able to afford more expensive homes because their monthly payments will be lower. Conversely, when interest rates rise, it becomes more difficult for people to afford expensive homes since their monthly payments will increase. In addition to interest rates, local market conditions can also affect home values by affecting demand and supply. For example, if there is a lot of new construction being done in an area or if there is a glut of inventory on the market, then prices may be higher than they would be otherwise.