34105, Naples, FL

The 34105 zip code of Naples, FL is located in Collier County and has a population of approximately 116,000. The median household income in the zip code is $60,000 and the median home value is $224,500.

Since the housing market crash in 2007-2008, home values have decreased by approximately 20% nationwide. In Collier County specifically, home values have decreased by an average of 25%. However, while home values have decreased in Naples overall, they have increased by an average of 9% since 2007. This discrepancy can be attributed to several factors including low interest rates and a strong local economy.

Despite these fluctuations, there are still many homeowners who are struggling to maintain their homes due to declining prices and high interest rates. Approximately one-third of homeowners in the 34105 zip code are underwater on their mortgages (meaning they owe more on their homes than they are worth). Additionally, over half of homeowners in the zip code report that they have had to make significant repairs or upgrades to their homes due to declining prices or poor conditions caused by weathering wear and tear.