34145, Marco Island, FL

Marco Island, FL is located on the Gulf of Mexico and has a population of about 36,000 people. The median home value in the 34145 zip code is $237,500 and the median home equity is $137,500. Home prices have increased by about 9% over the past year.

The main reason for the increase in home prices is that there are a lot of new homes being built in Marco Island. The demand for housing has outpaced the supply, which has led to an increase in home prices. Additionally, Marco Island has a low unemployment rate and a high level of education attainment. These factors have contributed to an increase in wages and consequently an increase in house prices.

Some people are concerned that this trend will continue indefinitely because there are not enough houses being built to meet the increasing demand. If this situation persists, it could lead to an increase in home values beyond what many people can afford.