35007, Alabaster, AL

The 35007 zip code of Alabaster, AL is located in the southeastern portion of the Birmingham metropolitan area. The zip code has a population of about 34,000 and an average household income of about $50,000. Home prices in the zip code have increased by an average of 10% over the past five years.

The primary reason for this increase is that the market has responded positively to low interest rates and increasing demand from buyers who are looking to invest in property rather than use it as their primary residence. Additionally, there is a limited supply of homes available for purchase in this zip code, which has helped to drive up prices.

There are a number of factors that could potentially lead to a decrease in home prices in the 35007 zip code. One potential issue is that interest rates could rise, which would make it more expensive for buyers to borrow money to purchase homes. Another potential issue is that there could be a shortage of homes available for sale due to demographic changes (e.g., an increase in retirees moving into the area) or regulatory restrictions (e.g., new zoning laws).