33569, Riverview, FL

The 33569 zip code of Riverview, FL is located in Hillsborough County and has a population of approximately 29,000. The median household income in this zip code is $60,000, and the median home value is $217,500. The percentage of households that own their homes outright is 78%, and the percentage that owe more on their mortgages than their homes are worth is 14%.

There has been a significant increase in home equity values over the past five years in the 33569 zip code. In 2012, the median home equity value was $157,500. By 2016, this had increased to $217,500. This represents an increase of 44%. Over the same time period, mortgage debt has decreased by 5%. This indicates that more people are able to buy homes outright or have less debt on their mortgages.

One reason for this increase in home equity values may be due to low interest rates. Since 2007, interest rates have been at historic lows which makes it easier for people to afford homes and pay off debts faster. Additionally, there has been an influx of new residents into the 33569 zip code who may be able to afford larger homes than those who have lived there for years. As long as these trends continue and interest rates remain low, it is likely that home values will continue to rise in this area.