33782, Pinellas Park, FL

The 33782 zip code of Pinellas Park, FL is a suburban area located in the Tampa Bay Area. The median home value in this zip code is $252,000 and the median home equity is $128,000. This indicates that home values are relatively high in this area compared to other areas of the country. Additionally, there has been an increase in home prices over the past few years. In fact, according to Zillow’s Home Value Index for ZIP Codes within a 150 mile radius of Pinellas Park from January 1st to December 31st of 2018, the median home value increased by 2%.

One reason for this increase may be due to low interest rates. Since 2007, interest rates have been at historic lows which has helped to stimulate the housing market. Additionally, there are many new homes being built in this area which also contributes to rising prices. Another reason for the recent increase in home values may be due to strong job growth and increasing wages across all sectors of society. As more people enter into homeownership or purchase homes with larger down payments, demand for properties increases and prices go up accordingly.

Despite these positive trends, there are still some risks associated with buying a property in Pinellas Park. For example, if you are not able to qualify for a mortgage because your credit score is low or you have limited income then you may not be able to purchase a property at current prices. Additionally, if interest rates decrease or if the economy weakens then prices could decline as well (although this has yet to happen during 2018). Overall though, it appears that homeownership and home values are on an upward trajectory in Pinellas Park and should continue growing over time