35094, Leeds, AL

Home Equity in the 35094 Zip Code of Leeds, AL

According to Zillow, the median home value in the 35094 zip code of Leeds is $101,000. This means that half of all homes in this zip code are worth more than $101,000. Additionally, according to Trulia, the median home value in this zip code has increased by 9% over the past year. This indicates that there is a lot of demand for homes in this area and that prices are likely to continue rising.

The average home equity loan amount in this zip code is $145,000. This means that most people who live in this area have enough money saved up to cover a large chunk of their mortgage payment if they were to sell their home soon. Additionally, since home values have been increasing rapidly over the past year, it's likely that many homeowners will be able to pay off their entire mortgage within 5-7 years if they keep up with their payments and don't make any additional changes to their budget.

Home Prices in the 35094 Zip Code of Leeds, AL

According to Zillow's Home Price Index (HPI), prices have increased by 9% over the past year which indicates that there is a lot of demand for homes in this area. Furthermore, Trulia reports that prices have increased by an average of 8% across all ZIP codes within Alabama during 2018 which indicates that housing prices are generally high throughout Alabama. Consequently, it's likely that homeownership rates will continue increasing as well since more people will be able to afford homes without having to take on excessive amounts of debt or sacrifice other important aspects of their lives.