34773, Saint Cloud, FL

Saint Cloud, Florida is located in Osceola County and has a population of just over 73,000 people. The 34773 zip code covers a total area of just under 10 square miles and has a median home value of $227,500. Home prices in the 34773 zip code have increased by an average of 7.5% over the past year, which is much faster than the national average increase of only 2.4%.

There are a number of factors that have contributed to the high home values in Saint Cloud. First and foremost, Saint Cloud is located in one of the most desirable areas in Florida. It is close to Orlando but also has plenty to offer residents who live there such as lakes, golf courses, and plenty of shopping options. Additionally, many homes in Saint Cloud were built between 2000-2009 which means that they are newer and have more features than older homes which tend to command lower prices. Finally, there is very little inventory available for sale within the 34773 zip code which has helped drive up prices even further.

Despite these positive factors, there are some potential risks that could impact home values in Saint Cloud down the road. For example, if interest rates continue to rise or if there are any major changes made to local laws or regulations that could impact home values (e.g., an increase in taxes). In addition, although home prices have been increasing rapidly overall within Saint Cloud over recent years it may not be possible for all homes to maintain their current value given current market conditions – especially if they are located within older neighbourhoods or closer to areas with lower demand (e.g., less developed suburbs).