34221, Palmetto, FL

The 34221 zip code of Palmetto, FL is located in the southeast portion of the state and has a population of approximately 33,000. The median household income in this zip code is $72,000 and the median home value is $236,500. Home equity in this zip code has increased by over 20% since 2007 and is currently at an all-time high.

One reason for the increase in home equity in this zip code is that there has been a steady increase in home prices throughout Florida over the past several years. In addition, Palmetto has experienced very low unemployment rates over the past few years which have helped to drive up demand for homes.

There are a number of factors that could potentially cause home prices to decrease or stagnate in this zip code including a decrease in demand or an increase in interest rates. However, at present it appears that home equity will continue to grow rapidly within this area and homeownership opportunities will remain strong.