34287, North Port, FL

The 34287 zip code of North Port, FL is located in the Gulf Coast region of Florida. The median home value in this zip code is $148,000. The home equity and home prices in this zip code have been increasing at a rate of 6% annually over the past five years. This increase can be attributed to the growth of the local economy and population as well as low interest rates.

The average credit score for residents in this zip code is 740 which indicates that most residents are able to borrow money to purchase a home. Additionally, the percentage of homeownership in this zip code is 73%, which is above the national average of 62%. This high homeownership percentage may be attributable to the low interest rates and strong economy in North Port.

One factor that may contribute to increased home values in this zip code is that there are relatively few homes for sale compared to other areas of Florida. In fact, there were only 553 homes for sale as of March 2017 which was below the statewide average number of 602 homes for sale per month. This lack of available homes may lead to higher prices since buyers are willing to pay more for a property that they believe will not become available anytime soon.