33614, Tampa, FL

The home equity and home prices in the 33614 zip code of Tampa, FL are very high. The median home value in this zip code is $269,000, which is more than double the national median home value of $130,000. Additionally, the percentage of homes in this zip code that are worth more than $500,000 is significantly higher than the national percentage of homes that are worth more than $500,000. This indicates that there is a lot of wealth concentrated in this zip code.

One reason for the high home values and percentage of homes that are worth more than $500,000 in this zip code is likely due to the presence of a number of affluent neighborhoods. These neighborhoods include Hyde Park Village and Waterside Village both located within the city limits of Tampa and Plant City which is located just outside the city limits. These neighborhoods have a high concentration of wealthy residents who can afford to purchase expensive homes. Additionally, many businesses located in these neighborhoods cater to wealthy customers who can afford to pay high prices for goods and services. Therefore, it is not surprising that there is a lot of wealth concentrated in this area.

Another factor that may contribute to the high home values and percentage of homes that are worth more than $500,000 in this zip code is the availability of mortgage financing options. Many affluent homeowners choose to buy homes rather than rent because they believe that owning a home provides them with greater financial security. In addition, many banks offer mortgages with low interest rates specifically designed for wealthy borrowers who want to buy homes rather than rent. Therefore, it is not surprising that there are a lot of expensive homes available in this area.