35120, Odenville, AL

Home Equity and Home Prices in the 35120 Zip Code of Odenville, Alabama

The 35120 zip code of Odenville, Alabama has a median home value of $157,000. This is significantly lower than the national median home value of $177,500. The average home value in this zip code is also much lower than the state median home value of $167,500.

There are a number of factors that may contribute to the low home values in this zip code. One reason may be that there are relatively few homes for sale in this area. Additionally, many homes here were built decades ago and may not be in good condition. Finally, prices here tend to be lower than other areas due to the presence of inexpensive housing stock and limited demand.

Despite these factors, there are still a number of homeowners who own homes in this zip code. In fact, according to Zillow’s recent report on ZIP codes with high levels of homeownership (ZIP codes with at least 70 percent owner-occupied homes), the 35120 zip code ranks as one of the most homeowner-friendly areas in Alabama. This is likely due to strong economic conditions and low unemployment rates here (4 percent as compared to 5 percent statewide).

Overall, it appears that homeownership rates and home values are lower in this area than they are statewide or nationally. However, given the strong economic conditions and low unemployment rates present here, it seems likely that these trends will change over time and that more homeowners will enter into ownership within the 35120 zip code over time.