34743, Kissimmee, FL

There is no one answer to the question of whether home equity or home prices are more important to a person's wealth. Some people may place a higher value on their home equity, while others may place a higher value on their home's market value. Regardless of a person's personal preference, it is important to understand both home equity and home prices in order to make sound financial decisions.

According to the 2016 American Community Survey (ACS), the median household income in the 34743 zip code was $64,811. This means that most households in this zip code have enough money saved up to cover at least one year's worth of expenses if they lost their job or had an unexpected expense come up. However, even with a median income like this, many homeowners in this zip code are still struggling to pay off their mortgages. In fact, according to Zillow data from January 2018, the median mortgage debt for homes in this zip code was $217,500. This means that nearly half of all homeowners in this zip code have at least one mortgage payment that is more than 30% of their monthly income.

Despite these high levels of debt, however, homeownership rates in this zip code are still relatively high compared to other parts of Florida. According to Zillow data from January 2018, the homeowner vacancy rate for homes in this zip code was only 2%. This means that there are very few homes available for sale right now – which likely explains why house prices have been rising so rapidly over the past few years.

Overall, it is clear that homeownership rates and mortgage debt levels are both high within the 34743 zip code – but market values for homes and home equity remain relatively high overall. As long as you can afford your monthly payments and don't mind living in an area where there are few available homes for sale (or where prices have recently soared), owning a home may be a good financial decision for you