35160, Talladega, AL

The 35160 zip code of Talladega, AL is located in the northeast corner of Alabama. The area has a population of just over 26,000 and an average household income of just under $50,000. Home prices in this zip code have been steadily increasing over the past few years, reaching a peak in 2017 before slowly declining since then. Currently, the median home price is just over $130,000 and the average home value is nearly $157,000.

There are several factors that have contributed to the steady increase in home values in this zip code. First and foremost is the strong economy – Talladega has consistently ranked among the best-performing areas in Alabama for both job growth and wages over the past few years. Additionally, Talladega is located near several major metropolitan areas (Birmingham, Montgomery, Mobile) which has helped to drive demand for homes within commuting distance. Finally, Talladega has seen relatively low levels of inventory compared to other areas within Alabama – which has helped to drive up prices faster than would otherwise be possible.

Despite these positive trends, there are some risks associated with buying a home in this area – namely high levels of unemployment and poverty. Additionally, while prices have been on a upward trajectory for quite some time now (and may continue to do so), they could potentially fall significantly if either one or more of these factors changed dramatically (e.g., an economic recession). Overall though, it seems likely that home values will continue to rise gradually in this zip code for at least another few years