33812, Lakeland, FL

Lakeland, Florida is a city located in Polk County, Florida. As of the 2010 census, the population was 129,098. The 33812 zip code includes much of Lakeland and has a population of 69,527 as of the 2010 census. Home equity and home prices are important factors to consider when assessing the economy and housing market in Lakeland.

The average home value in 33812 is $172,000 according to Zillow. This is lower than the statewide average of $205,000 but higher than the national average of $146,000. The median home value in 33812 is also lower than statewide and national averages at $135,500 and $120,000 respectively. However median home values have increased by 9% since 2009 according to Zillow data which indicates that there may be some stabilization in prices over time despite overall nationwide decreases during this time period.

Home equity refers to what an owner owes on their house minus what they owe on their mortgage or other loan obligations. Home equity can be used for many purposes such as paying off debts or investing for future income or growth potential. Home prices are important because they reflect how much an owner can sell their house for if they wanted to move or sell it quickly - this is especially important when considering whether or not to buy a house oneself versus renting/living in one already owned by someone else (i.e., speculation).

According to Zillow data from January 2018:

-The median price paid for homes within the 33812 zip code was $181,500 -The median price paid for homes within 25 miles of 33812 was $236,500 -The median price paid for homes within 50 miles of 33812 was $269,500 -There were 594 properties sold within the zip code between January 1st 2017-January 1st 2018 (this includes both single family homes and condos) -On a year-over-year basis (January 1st 2017 vs January 1st 2018), there were 97 more sales than expected based on historical trends