33825, Avon Park, FL

The 33825 zip code of Avon Park, FL is located in Polk County and has a population of about 27,000. The median household income in the zip code is $60,000 and the median home value is $191,200. Home equity in this zip code is relatively high compared to other areas of the country. In fact, according to Zillow’s 2018 Home Value Report, the home equity in this zip code is 5.4 times greater than the national average.

One reason for this high level of home equity may be that Avon Park has a low rate of unemployment (3.5%) and a high rate of homeownership (81%). Additionally, many homes in this zip code are owned by individuals who have been living in them for many years. This indicates that residents here are likely very confident in their ability to maintain their homes and are not likely to need to sell soon.

Despite these positive factors, there are some risks associated with having high levels of home equity. For example, if interest rates rise significantly or if the market for homes in this zip code crashes, homeowners could find themselves struggling to pay off their mortgages or lose all their money invested in their homes. It’s important for residents of Avon Park to keep track of current market conditions so they can make informed decisions about whether or not to stay invested in their homes