33705, Saint Petersburg, FL

The 33705 zip code of Saint Petersburg, FL has a population of around 113,000 people and is located in Pinellas County. The median household income in this zip code is around $79,000 which is high compared to the rest of Florida. Home prices in this zip code have been increasing rapidly over the past few years and are now above the national average. This rapid increase in home prices has led to a rise in home equity for many residents of this zip code.

Home equity is the difference between the value of a homeowner's property and their outstanding mortgage debt. Homeowners with high home equity values can use this money to pay down their mortgage or use it for other purposes such as buying a new car or investing in stocks. Home equity values have increased significantly in recent years due to strong demand from buyers and limited supply of homes available for purchase.

The 33705 zip code has seen an influx of new residents over the past few years who are looking to buy homes within reach of their income levels. Many homeowners who have been living in their homes for many years are now seeing their home equity values increase rapidly due to rising prices and limited availability of properties for sale. This rapid increase in home values has led to an increase in homeowner wealth across Saint Petersburg, FL which will continue to support economic growth over time.