33851, Lake Hamilton, FL

Lake Hamilton is located in the 33851 zip code of Florida. The median home value in this zip code is $207,000 and the median home equity is $101,000. Home prices have been on the rise for many years in Lake Hamilton, with a modest increase from 2007 to 2016. In 2017, home prices increased by 5%, reaching a new all-time high of $217,500.

The primary drivers of home price appreciation in Lake Hamilton are strong demand and limited supply. There are many families who want to live in this area and there are not enough homes available for sale or rent. Additionally, many homeowners have taken advantage of low interest rates to refinance their mortgages and increase their equity in their homes.

Homeownership rates in Lake Hamilton are above the national average and continue to be among the highest within Florida’s 33851 zip code. This high rate of homeownership has helped to keep housing prices elevated despite increasing demand from potential buyers.

The average commute time to work for residents within the 33851 zip code is 25 minutes. The majority of workers (81%) commutes by car while only 19% use public transportation or walk to work. This indicates that most residents rely heavily on personal vehicles for transportation which can contribute significantly to rising home prices