33860, Mulberry, FL

The 33860 zip code of Mulberry, FL has a median home value of $128,000 and a median home equity value of $87,000. These values are significantly lower than the statewide median home value of $217,500 and statewide median home equity value of $142,700. The 33860 zip code also has a significantly lower homeownership rate than the statewide homeownership rate of 68.5%.

There are several factors that may contribute to the low home values in the 33860 zip code. First, there is a high percentage of single-family homes in this zip code which may make it more difficult for buyers to find a property that meets their needs. Additionally, there is a high concentration of rental properties in this area which may also reduce demand for homes and drive down prices. Finally, Mulberry is located in an economically depressed area which may lead to fewer potential buyers and higher prices for homes.