33922, Bokeelia, FL

Home Equity and Home Prices in the 33922 Zip Code of Bokeelia, FL

The 33922 zip code of Bokeelia, FL has a median home value of $128,000. This is significantly lower than the statewide median home value of $217,500. The 33922 zip code also has a low home equity rate of just 5.8%. This indicates that many homeowners in this zip code have less than 20% equity in their homes.

Despite these low home equity rates, there are still a number of homeowners in the 33922 zip code who are able to borrow against their homes to purchase additional property or to finance larger purchases. In fact, there are currently 10 properties for sale in the 33922 zip code that have an asking price above $100,000.

While it is likely that prices will continue to decline in the 33922 zip code over time as more homeowners lose equity in their homes and fewer properties come onto the market for sale at high prices, it is still possible for homeowners to achieve significant gains if they are able to buy and sell property at opportune times.