34990, Palm City, FL

The 34990 zip code of Palm City, FL is home to a population of approximately 16,000 people. The median household income in this zip code is $60,000 and the median home value is $205,000. The average mortgage rate in this zip code is 4.5%.

According to Zillow’s Home Value Index, the average home value in Palm City has increased by 5.4% over the past year. This increase is significantly higher than the national average of 2.8%. This indicates that there are a lot of opportunities for homeownership in this area and that there are many people who are interested in purchasing homes here.

One reason why home values have been increasing so much in Palm City is because of the low unemployment rate and high levels of job growth. There are a lot of jobs available here and people who want to live in this area can find employment easily. Additionally, there are a lot of new businesses opening up here every year which also contributes to the increase in home values.

Home equity plays an important role in determining how happy homeowners are with their homes and how much money they can borrow against their homes to purchase other things or pay off debts. According to Zillow’s Home Value Index, the median home value minus all outstanding debt (including mortgages) is $191,700 which puts Palm City residents at #1 on the list of happiest homeowners nationwide! This means that most homeowners here have enough equity in their homes to cover any financial emergencies that may arise and they don’t need to worry about being forced out of their homes by creditors or foreclosure proceedings.