34292, Venice, FL

The 34292 zip code of Venice, FL is home to a population of approximately 8,000 people. The median household income in this zip code is $60,000, and the median home value is $215,000. Approximately one-third of the homes in this zip code are occupied by their owners and two-thirds are occupied by renters.

There has been a significant increase in home equity and home prices over the past several years in the 34292 zip code of Venice, FL. Between 2007 and 2016, the average annual increase in home values was 10%. This corresponds to an average yearly growth rate of 6%. In addition, between 2013 and 2016 there was a total increase of 41% in the number of homes sold within this zip code. This indicates that there is strong demand for housing within this area.

One reason for the high demand for housing within the 34292 zip code of Venice, FL may be due to its proximity to major metropolitan areas such as Miami and Orlando. These areas are known for having high levels of job growth and population density, which can lead to increased demand for housing. Additionally, many homeowners in this area may be able to afford to purchase or upgrade their homes due to their high incomes. As a result, they may be more likely than renters to invest in their properties over time.

Despite these positive trends, there are some potential risks associated with buying or owning a home within the 34292 zip code of Venice,. One risk is that interest rates could rise over time and make it more difficult for homeowners to repay their mortgages. Another risk is that prices could decline if there are any unforeseen economic events that negatively impact the local economy. However, overall it appears that homeownership opportunities within this area remain strong relative to other parts of Florida