32218, Jacksonville, FL

The 32218 zip code of Jacksonville, FL has a median home value of $161,000 and a median home equity value of $102,000. These values are significantly lower than the statewide median home value of $225,600 and statewide median home equity value of $146,200. The 32218 zip code also has a significantly lower homeownership rate than the statewide homeownership rate of 66%.

There are several factors that may contribute to the low home values in the 32218 zip code. One reason is that this area is not as affluent as other parts of Jacksonville. The average household income in this zip code is only about 60% of the statewide average household income. Additionally, there are fewer homes available for sale in this area compared to other parts of Jacksonville. This may be due to stricter zoning laws or because there are not as many wealthy residents in this area.

Despite these factors, there are still some homes available for purchase in the 32218 zip code. This suggests that there is potential for price appreciation over time if buyers can find a good deal on a property. In addition, buyers who have good credit may be able to get approved for a mortgage even if their income is below the state average.