32818, Orlando, FL

The 32818 zip code of Orlando, FL is one of the most popular and sought after areas in the city. Home prices have been on the rise for many years now, and they continue to increase at a rapid pace. In fact, according to Zillow, the median home value in this zip code is currently $269,000. This is a significant increase from just a few years ago when the median home value was only $209,000.

There are many reasons why home prices in this area have increased so much over the past few years. First and foremost, there is an abundance of available housing stock in this area which has helped to drive prices up. Additionally, Orlando is one of the fastest growing cities in America and more people are moving into the area every day which also contributes to rising home values. Finally, there has been an increase in interest rates over the past few years which has made buying a home more expensive overall.

Despite all these positive factors, there are still some risks associated with buying a home in this area. For example, although interest rates have been on the rise recently, they could eventually go down again which would lead to lower prices for homes in this zip code. Additionally, although there is plenty of available housing stock available right now, it may not be available for long if demand continues to grow at its current rate. Finally, although Orlando is one of America's fastest growing cities right now it could potentially experience some slowdown down future if economic conditions change negatively.