34953, Port Saint Lucie, FL

Home Equity and Home Prices in 34953

The 34953 zip code of Port Saint Lucie, FL has a median home value of $151,000. This is higher than the statewide median home value of $127,500. The 34953 zip code also has a lower than average home equity percentage of 59%. This means that there are more homes with negative equity (less than the value of the property) than homes with positive equity (more than the value of the property).

There are several factors that may contribute to this low home equity percentage in 34953. One reason could be that many homeowners in this zip code have taken out mortgages that have high interest rates and low down payments. This may make it difficult for them to sell their homes if they want to move or if they need to take on additional debt. Additionally, many homeowners in this zip code may be waiting for prices to increase before they decide to sell their homes. If prices continue to rise, more homeowners will likely become sellers and their home equity percentages will increase.