34286, North Port, FL

The 34286 zip code of North Port, FL has a median home value of $158,000. The home equity in this zip code is $81,000. This means that the average homeowner in this zip code has over $103,000 in equity in their home.

When looking at the trend of home values and home equity over time, it is evident that both have been on the rise for many homeowners in this zip code. Between 2007 and 2016, the median value of homes in this zip code increased by 66%. Meanwhile, the average homeowner’s equity grew by an even more impressive 111%.

This increase can likely be attributed to a number of factors including low interest rates and increasing demand for housing within North Port. Additionally, many homeowners here have taken advantage of programs like Home Equity Conversion Mortgages (HECMs) which allow them to borrow against their homes’ value instead of having to pay high interest rates on traditional loans.

Overall, it is clear that homeownership and home equity are both very important assets for residents in the 34286 zip code of North Port. As long as there are continued positive trends for both values, it is likely that many residents here will continue to see significant gains over time.