34448, Homosassa, FL

The 34448 zip code of Homosassa, FL is located in Hillsborough County and has a population of approximately 16,000. The median household income in this zip code is $50,000 and the median home value is $205,000. Home equity in this zip code has increased by over 50% since 2007 and home prices have increased by over 30%.

There are several factors that have contributed to the increase in home equity and home prices in the 34448 zip code of Homosassa, FL. First, there has been an increase in jobs and wages throughout the area which has led to an increase in disposable income. Second, there has been an increase in demand for homes due to an influx of new residents and a decrease in available housing stock. Finally, there has been a decrease in interest rates which makes it more affordable for buyers to purchase homes.

Despite these positive trends, there are some risks associated with buying a home in the 34448 zip code of Homosassa, FL. First, there is a high rate of foreclosure activity within this area which could lead to decreased demand for homes and decreased prices. Second, while the average commute time within this zip code is only 19 minutes, it can be difficult to find affordable housing that is close to work or school. Third, while the average home value within this zip code is relatively high compared to other areas of Florida, it may not be appropriate for everyone who wants to buy a home.