32246, Jacksonville, FL

The 32246 zip code of Jacksonville, FL is home to a high concentration of homeowners with equity in their homes. According to Zillow, as of September 2017, the median home value in this zip code was $205,000. This is significantly higher than the statewide median home value of $152,600 and indicates that homeowners in this area are doing well financially. Additionally, the percentage of homeowners with equity in their homes is above the statewide average of 63%. This indicates that many residents here are confident in their ability to maintain or increase their home values over time.

While there are many reasons why homeowners may have more equity in their homes than average, one factor that may contribute is the low rate of foreclosure activity in this area. According to RealtyTrac, as of January 2018 there had been only six active foreclosures recorded within the 32246 zip code since 2012 – a fraction of the number seen across Florida as a whole. This suggests that many residents here are confident in their ability to keep their homes even if they experience a temporary financial setback. In addition, strong job growth and low interest rates may also be contributing factors – especially for those who have saved up money for a down payment on a home.