33966, Fort Myers, FL

The 33966 zip code of Fort Myers, FL is located in Lee County and has a population of about 240,000. The median household income in this zip code is $60,000 and the median home value is $224,500.

There has been a steady increase in home equity values over the past few years in this zip code. In 2013, the median home equity value was $165,000 and by 2016 it had increased to $224,500. This trend seems to be continuing as the latest data shows that the median home equity value in 2017 was $236,500.

This increase in home equity values can be attributed to several factors including an improving economy and low interest rates. Additionally, homeowners who have taken advantage of low interest rates by refinancing their mortgages have seen their home equity values increase significantly.

While this trend is positive for homeownership rates and overall market demand in 33966 zip code of Fort Myers, FL there are some potential risks associated with high home equity values. For example, if there were a sudden decrease in housing prices or interest rates then many homeowners would find themselves facing significant financial challenges.