35016, Arab, AL

The 35016 zip code of Arab, AL is home to a population of over 10,000 people. The median household income in this zip code is $41,500, and the median home value is $128,900. In terms of home equity, the average homeowner in this zip code has around $101,000 in equity. This means that homeowners in this zip code are able to borrow up to 97% of their homes' value.

There are a number of factors that contribute to the high home values in the 35016 zip code of Arab, AL. First and foremost, Arab is a desirable location for both families and retirees. Second, there is a large number of affluent households living in this zip code. Finally, there is a strong demand for housing due to the high unemployment rate in this area.

Despite these positive factors, there are some challenges facing homeowners in the 35016 zip code of Arab, AL. First and foremost, interest rates are currently very low which makes it difficult for homeowners to get loans that will allow them to borrow 97% of their homes' value. Second, there has been an increase in foreclosures recently which has caused prices for homes that have not been repossessed to decline slightly.