34637, Land O'Lakes, FL

Home Equity and Home Prices in the 34637 Zip Code of Land O'Lakes, FL

The 34637 zip code of Land O'Lakes, FL has a median home value of $214,000. This is significantly higher than the Florida statewide median home value of $157,500. The 34637 zip code also has a high home equity rate of 83%. This means that homeowners in this zip code have a significant amount of equity in their homes.

This high level of equity is likely due to the strong economy and low unemployment rates in the 34637 zip code. Additionally, many homeowners in this zip code are able to leverage their home equity through mortgages or other forms of debt financing. This allows them to purchase more expensive homes or take out larger loans than they would be able to otherwise afford.

While the high level of home equity is beneficial for many homeowners in the 34637 zip code, it can also be risky if there is a sudden decline in the economy or if interest rates rise significantly. If these events occur, homeowners may find themselves unable to pay their debts and lose all or part of their home equity investment.