34109, Naples, FL

The 34109 zip code of Naples, FL is located in Collier County and has a population of approximately 107,000. The median household income in this zip code is $60,000 which is lower than the Florida statewide median household income of $70,046. The percentage of households that are renters is higher than the statewide percentage of renters at 29%. The percentage of households that own their homes outright is lower than the statewide percentage of homeowners at 66%.

Home equity in the 34109 zip code has decreased over the past five years. In 2012, home equity was valued at $142,500. This value has decreased by $25,000 to $127,500 in 2016. Over this same period home prices have increased by 5% nationally but have only increased by 2% in Naples. This suggests that home equity may not be as important to residents in Naples as it may be to other residents across the country.

Despite this decrease in home equity values and increasing prices, there are still a number of homeowners who have been able to benefit from rising property values over the past few years. Homeowners who bought their homes within the last three years have seen their home equity increase by an average of $30,000 since 2012. Additionally, those who bought their homes more than five years ago have seen an average increase of $50,000 since 2012.

Overall it appears that while home equity may not be as important to residents in Naples as it may be elsewhere in Florida or nationally, there are still many homeowners who are benefiting from rising property values and increased access to credit