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Here is everything you need to know about the housing market at zip code 34112.
Zip 34112 is located in the Fort Myers-Naples area in Southwest Florida. The region covers about 16.08 square miles, and its socioeconomic status falls in the lower-middle-class category.
With an elevation range of between 3ft to 5ft, this non-unique zip code has a population density of 1,679 people per square mile and is found within the 239 area code.
11.4% of the people living in this zip code are non-citizens, and whites form about 67% of the overall population.
Unlike most zip codes in America, close to 40% of the people living here are 65+ years. This group averages to median age of 55.2 while that of the entire nation is 37.4. More than 53% of the 27,543 people living in 34112 are married, 12.4% of this population have children.
This data means that there are more seniors in 34112 compared to young adults.
The average number of people per household in 34112 is 2.1, which is higher than the national average of 2.6.
Tax rates in 34112 are significantly lower than the national average, reducing the cost of living. The annual cost of living index for 34112 is 96 and the national average is 100.
The sales tax rate here is 6.0% and the effective property tax rate is $6.99 per $1,000 home value. The effective U.S. property tax average rate is $11.78 per $1,000 home value.
With an overall income tax rate of 0.0%, the median individual income in 34112 is $29,257 compared to a national average of $27,419. At $55,687, the median household income here slightly higher than the U.S. average by about $300.
This financial data further shows that 34% of the local workforce earn between $15,000 and $34,000. Nearly 52% of the households get between $45,000 and 149,000 per year.
The unemployment rate in 34112 is at 2%, and Best Places reports that the job market here increased by nearly 1%. This website further predicts that this job market might further increase by 39.3% in the next decade.
With only 6.8% telecommuters, over 77% of the workforce here drives, and it takes them an average of 21.4 minutes to get to work. The U.S average for a one-way commute is 26.4 minutes.
There are 70 schools in 34112: 52 public and 18 private learning institutions. Unlike most zip codes, zip 34112 has a bigger budget for schooling, and this is capped at $11,167 per student. The student-teacher ratio balances off at 15:1, and 30% of the people living here are university graduates.
With more than 27,500 people and 19,355 housing units, zip 34112 has an overall area feel of a dense suburban destination.
There are only 3,157 renter-occupied apartments in 34112, and its owner-occupancy rate is nearly past 75%. With such a small fraction left for rent, the median rent price here is $1,034. The national rent average is $949.
This data accounts for 85% of renters paying between $500 and $1,499 monthly in this zip.
According to Zillow, the current median home value in 34112 is $225,416. This updated figure accounts for a 5.1% year-over-year increase in real estate costs within this zip. The website further predicts that home costs could rise by 10% in the next 12 months.
Forty percent of the current listings are priced between $200,000 and $399,000.
Unlike most zip codes in the nation, homes in 34112 appreciated at a slower pace of 5.6% for the last ten years. This steady and gradual buildup of appreciation rate over a long period makes the 34112 housing market feasible for long-term investments.
With February, March, and September being the most pleasant months here, this zip generally experiences a hot and humid climate throughout the year. July and August are usually not comfortable due to high temperatures of about 910C.
Zip 34122 reportedly gets about 120 days of precipitation and 266 days of sunshine, making it a top destination for holidaymakers and vacationers. Zip 34112 has an above-average annual comfort index of 6.6.
The crime rate in 34112 is averaged at 33.5, and the chances of becoming a property crime victim here are about 15 in 1000 cases. The low property crime percentage coupled with a 0.7% property tax rate makes zip 34112 a better destination to settle with your family than most zip codes in the country.
Best Places ranks 34112 as the 125th zip code with the best public schools in Florida and the 2nd best zip code to buy a home in Collier County.
We don't charge any up front fees. Not even a "Non-Refundable Set-Up Fee." If we don't perform, you don't pay. There are no "hidden fees" in our contracts.
Over 85% of renters now find their next home online. We post your property to over 200 web-sites and 150 media sites. More advertising means less time on the market and more money in your pocket.
All our contracts, leases, and documents are signed digitally. Tenant and Owner On-line Portals allow 24/7 access to all invoices, documents, statements, reports, and financials.
When the tenant prospects need to see the rentals. Our competition shows during normal business hours.
We are so confident in our Tenant Qualification Process that, if we have to evict a tenant we qualified and moved into a property we manage, we find a new tenant at no cost (we will not charge a leasing fee). This is a FREE service, not an "Eviction Protection Plan."
We use ACH direct deposit to collect rent and pay our owners so we can pay you up to 10 days faster than our competition… in time for your mortgage payment. We don’t start you out a month behind on paying your mortgage.
The National Average is only 60% returned / answered calls. Our voicemail will never say: “We will get back to you within 48 hours”
We ask for approval on all work orders so you don’t get surprised when you receive your statement. We don’t have an in-house maintenance staff that we pay $15 per hour and bill out at $50 per hour. Rather, we use our buying power to get discounts of 10-50% from our Preferred Vendors… and pass that savings directly on to you. We don’t have hazy language in our contracts that allow us to mark up any invoice for any amount at our discretion.
We are trained professionals who know how to negotiate and facilitate the rental process. We will get the highest possible rent for you, and, as an added bonus, you get the benefit of our years of real estate experience and accumulated knowledge.