33617, Tampa, FL

The home equity and home prices in the 33617 zip code of Tampa, FL are very high. In fact, the median home value in this zip code is $269,000 which is more than double the national median home value of $119,500. Furthermore, the percentage of homes in this zip code that are valued at over $300,000 is significantly higher than the national average of just under 20%. This high level of home equity and prices can be partially attributed to the strong economy and job market in Tampa Bay which has led to an increase in demand for housing. However, it also appears that some homeowners have taken advantage of historically low interest rates to invest their money into their homes rather than into other investments. As a result, there is a risk that if interest rates rise or if the economy weakens again, many homeowners could find themselves struggling to pay off their mortgages.