32618, Archer, FL

Archer, FL is located in Hillsborough County and has a population of just over 10,000. The 32618 zip code covers just over 1 square mile and has a median home value of $157,000. Home equity in Archer is relatively low compared to other zip codes in Hillsborough County. Only 5% of homes in the 32618 zip code have more than 50% of their value invested in their home equity. This is significantly lower than the statewide average of 13%. One possible explanation for this could be that Archer is a newer community and may not have had time to build up its home equity base. Another possibility could be that Archer residents are less likely to use their home equity for large purchases or renovations, preferring to use it for smaller expenses such as repairs or improvements to their homes.

Despite the low level of home equity in Archer, prices have been increasing at a rate above the statewide average over the past five years. In fact, prices have increased by an average of 2% each year since 2010. This strong growth may be due in part to limited supply and high demand within the area, as well as strong economic conditions overall. Despite these positive trends, there are still some areas within Archer where prices are lower than average relative to other parts of Hillsborough County. For example, prices are below average near the city limits but above average closer towards rural areas. Additionally, while prices have increased steadily throughout most parts of town, they have not kept pace with inflation (i.e., they haven't grown as fast as wages). This suggests that there may still be room for price growth if current trends continue