33493, South Bay, FL

The 33493 zip code of South Bay, FL is located in the Tampa Bay Area and has a population of approximately 298,000. Home prices in this zip code have increased by an average of 9.4% over the past year, which is higher than the national average of 6.5%. The median home value in this zip code is $269,000, which is higher than the Florida median home value of $217,500.

One factor that may contribute to the high home prices in this zip code are the many amenities and attractions that are available nearby. These include Busch Gardens Tampa Bay, Raymond James Stadium, and USF Sun Dome. Additionally, there are many large corporations headquartered in this area including Comcast Corporation and IBM Corporation. These companies may be contributing to the demand for housing in this area.

Another factor that may be contributing to the high home prices in this zip code is its low unemployment rate. The unemployment rate in this area was 3.8% as of May 2017, which is lower than both the Florida statewide unemployment rate (4%) and the national unemployment rate (4%). This low unemployment rate may be attracting businesses and individuals who want to live near these businesses but without having to deal with high levels of traffic congestion or expensive housing costs.