33542, Zephyrhills, FL

Home Equity and Home Prices in the 33542 Zip Code of Zephyrhills, FL

There are a total of 8,871 homes in the 33542 zip code of Zephyrhills, FL. Of these homes, there are 4,929 that are owner-occupied and 4,564 that are occupied by renters. The median home value in the 33542 zip code is $158,000. The median rent price for an owner-occupied home is $1,050 per month and the median rent price for a renter-occupied home is $700 per month.

The percentage of homes that are owner-occupied is 73% while the percentage of homes that are rented is 27%. This indicates that there is a large amount of available housing in the 33542 zip code for people who want to live in it. Additionally, this indicates that there is a large demand for housing in this area.

When looking at home values compared to rent prices, it can be seen that homeowners have a greater equity in their homes than renters do. This means that homeowners have more money tied up in their homes than renters do and they can sell their home more easily if they want to move or if their house value increases significantly. In addition, because homeowners have more equity in their homes than renters do, they may be able to afford larger mortgages than renters would be able to afford.

Overall, it can be seen from these statistics that there is a lot of demand for housing in the 33542 zip code and many people who want to live here already do so or plan on doing so soon. Additionally, it can also be seen from these statistics that homeowners have a greater equity stake in their properties than renters do which could lead to different financial decisions being made by each group when purchasing or renting a property