34736, Groveland, FL

Home Equity and Home Prices in the 34736 Zip Code of Groveland, FL

The zip code of 34736 in Groveland, FL has a median home value of $101,500. This is higher than the Florida statewide median home value of $77,500. The zip code also has a higher than average percentage of homes with equity (over 50%) at 66%. This is higher than the Florida statewide percentage of homes with equity (over 50%) at 56%.

There are several factors that may contribute to the high equity rate in this zip code. First, Groveland is a relatively affluent area and may have more wealthy homeowners who are able to take advantage of their home's equity. Second, Groveland has seen relatively low rates of foreclosure over the past few years which may have encouraged some homeowners to keep their homes even if they don't have much equity in them. Finally, there are likely many homeowners who have taken out mortgages with low interest rates that allow them to pay off their mortgage gradually over time rather than selling their home immediately for cash.

While there are many reasons why the equity rate in this zip code is high, it is an indication that there are a lot of homeowners who are confident in their ability to maintain or increase their home's value over time.