33558, Lutz, FL

The 33558 zip code of Lutz, FL has a median home value of $128,000. This is significantly lower than the statewide median home value of $217,500. The 33558 zip code also has a lower than average percentage of homeowners with a mortgage at 66%. This indicates that many homes in this zip code are owned outright or have low mortgage rates.

The primary driver of home equity in the 33558 zip code is likely to be the difference between the market value and the amount owed on a mortgage. In general, homes in this area are priced below their market value due to low demand and limited inventory. Additionally, there is a high percentage of first-time homebuyers in this area which may contribute to slower appreciation rates over time.