33563, Plant City, FL

The 33563 zip code of Plant City, FL is located in Hillsborough County and has a population of approximately 51,000. The median household income in this zip code is $60,000 and the median home value is $158,500. Home equity in this zip code has increased by approximately 20% over the past year and home prices have increased by 10%.

There are a number of factors that have contributed to the increase in home equity and home prices in the 33563 zip code of Plant City, FL. One reason is that there has been an increase in demand for homes due to an influx of new residents and an increase in jobs. Additionally, there has been an increase in the number of homes that are being purchased as investment properties rather than for personal use. Finally, there has been an increase in the amount that people are able to borrow against their homes equity.

Despite these positive trends, there are some challenges facing homeowners in the 33563 zip code of Plant City, FL. One challenge is that interest rates have remained relatively low for much of this decade which has made it difficult for many people to afford a mortgage on a new home or to refinance their existing home loan. Another challenge is that there may be limited inventory available for sale within the 33563 zip code at present which could lead to higher prices when homes do become available for purchase.