34429, Crystal River, FL

Crystal River, FL 34429 is located in Citrus County and has a population of over 32,000. The median home value in the zip code is $236,000 and the median household income is $60,000. Home equity in Crystal River has been on the rise for the past few years as prices have increased by over 10%. In fact, according to Zillow, the average increase in home values from January 2016 to January 2017 was 11.5%.

There are many factors that contribute to home equity growth such as low interest rates and increasing wages. Additionally, many people are choosing to buy homes instead of rent because they believe that homeownership provides stability and security. Another reason for increased home values is that Crystal River is a desirable location with plenty of amenities and opportunities nearby.

One downside of increased home values in Crystal River is that it can be difficult for people who are not able to afford a higher mortgage payment or who have limited credit history to purchase a home. Additionally, there may be some restrictions on how much money people can borrow if their credit score falls below a certain threshold.