33908, Fort Myers, FL

The 33908 zip code of Fort Myers, FL includes a population of around 226,000 people. The median home value in this zip code is $203,600 and the median home equity is $128,900. This means that the majority of homes in this zip code are valued at more than what is owed on them. Additionally, the average credit score for residents in this zip code is 724 which indicates that most people in this area have good credit.

When looking at the long-term trends for home prices and equity in 33908, it appears that both values have been increasing over time. Between 2000 and 2016, the median home value increased by 54%. Similarly, during that same period of time the median home equity increased by 63%. These increases may be partially attributed to factors such as low interest rates and an influx of new residents into Fort Myers who are able to afford higher priced homes.

Despite these positive trends, there are some caveats to consider when assessing home equity and home prices in 33908. For example, while most homes within this zip code are worth more than what is owed on them, there are also a significant number of homes that are worth less than their outstanding debt. Additionally, while credit scores tend to be high for residents living in 33908, there can still be challenges associated with obtaining a mortgage if your credit score falls below 620 or 700 (depending on your borrowing criteria).

Overall though it appears that homeownership rates and home values continue to increase within the 33908 zip code despite some challenges associated with obtaining a mortgage or having low credit scores.