34224, Englewood, FL

There is no doubt that Englewood, FL is a desirable place to live. The city has a population of over 100,000 people and boasts an excellent school system. In addition, the city is located just minutes from both Miami and Ft. Lauderdale, making it an easy commute for residents.

One of the biggest factors contributing to the high home prices in this zip code are the excellent schools. According to Zillow, the average home value in this area is $269,000 which makes it one of the most expensive zip codes in Florida. Additionally, Englewood is located in a desirable area with plenty of amenities such as shopping and dining options.

While there are many reasons why home values are high in this zip code, one potential reason could be low inventory levels. According to Trulia, only 2% of homes for sale are currently available which could be causing buyers to wait out for better deals or put off buying until prices increase further.