34481, Ocala, FL

There is no one answer to the question of how home equity and home prices in a particular zip code are performing. In general, though, home equity and home prices tend to rise when the economy is strong and fall when the economy is weak. So it's important to keep in mind that what might be happening in 34481 right now may not be indicative of what will happen over the long term.

That being said, there are some things we can look at to get a sense of how things are doing in 34481 right now. For example, according to Zillow's latest report on Ocala housing market conditions, median home values in 34481 have increased by 6% since last year. This puts them at $128,000 – which is above the national average of $123,500 but still below their peak value of $134,900 reached back in 2007.

On the other hand, while there has been an increase in median home values over the past year or so, this hasn't been uniform across all parts of 34481. The neighborhoods that have seen the biggest increases (by an average of 10%) are located near I-4 and SR-27 (near downtown), while neighborhoods that have seen smaller increases (by an average of 2%) include areas like NW 27th Avenue and SW 49th Terrace (in southwest Ocala).

So overall it seems that homes in 34481 are still relatively affordable compared to other parts of Florida – but they're not as affordable as they were a few years ago. And given that there's still some uncertainty about where the economy will go next – especially with regards to interest rates – it's likely that prices will continue to rise gradually over time rather than suddenly jumping up or down significantly