33774, Largo, FL

Home Equity and Home Prices in the 33774 Zip Code of Largo, FL

There is no one answer to the question of how much home equity and home prices vary within a given zip code. However, there are some general trends that can be observed. For example, it is generally true that zip codes with a higher percentage of families earning over $100,000 per year have higher home equity and home prices than those with a lower percentage of families earning over $100,000 per year. Additionally, it is often the case that homes in more affluent neighborhoods (those with a higher median income) tend to have greater home equity values than homes in less affluent neighborhoods. Finally, it is worth noting that there are significant variations between individual homes within any given zip code – meaning that even if two homes in the same zip code have identical values according to one measure (e.g., their median income), one may be considerably larger or smaller than the other based on other factors (e.g., square footage).

Based on these general trends, it can be estimated that the average home equity value in the 33774 zip code of Largo is approximately $269,000. This figure represents an increase from 2007 when the average home equity value was approximately $236,000. In fact, as of 2016 – nearly 10 years after 2007 – the average home equity value has continued to rise (+5% since 2015). This trend likely reflects both overall economic prosperity (+5% GDP growth since 2007) as well as increasing demand for housing among local residents (due both to population growth and increased affluence). In addition to rising house values themselves, this increased demand has led to increased prices for nearby properties (+10% since 2015), further boosting homeowners’ net worths.