34471, Ocala, FL

The 34471 zip code of Ocala, FL is a suburban area located in Marion County. The population of the zip code was 116,853 as of the 2010 census. Home prices in the 34471 zip code have increased significantly over the past several years and are now among the highest in Marion County.

According to Zillow, home prices in the 34471 zip code increased by an average of 10.5% from January 2013 to January 2017. This rate of growth is much higher than the statewide average rate of 5.2% during this same period. In addition, home values in this zip code have consistently been above those found in other nearby areas throughout recent years. For example, home values in neighboring ZIP codes 33468 (9%) and 34269 (7%) were both below those found in Ocala during 2017 according to Zillow data.

Some factors that may contribute to this high level of home value growth within the 34471 zip code include its proximity to major metropolitan areas such as Orlando and Tampa, as well as its status as a desirable suburban area with plenty of available land for development. Additionally, strong economic conditions over recent years may have helped fuel demand for homes within this area.

Despite these positive trends, there are some potential risks associated with high levels of home value growth within certain Zip Codes across Florida (and nationwide). For example, if interest rates begin to rise again or if market conditions shift abruptly, then it could lead to a slowdown or even a reversal in price appreciation within some areas across Florida (and nationwide). In addition, given that many homeowners within this area are leveraged heavily against their homes through mortgages or other forms of debt financing, any significant decline in housing prices could lead to significant financial difficulties for many residents.

Overall though, it appears that homeownership rates and home values within the 34471 zip code continue to be among the highest in Marion County and throughout Florida overall - indicating strong demand from buyers and sellers alike!