35178, Vincent, AL

The 35178 zip code of Vincent, AL is located in the southeastern corner of Alabama. The area is home to a mix of rural and suburban neighborhoods, with a median household income of $60,000. Home prices in the zip code have increased steadily over the past few years, reaching a peak in 2017 before beginning to decline in 2018. As of July 2019, the median home price was $236,000.

The 35178 zip code is experiencing strong growth in both home equity and home prices. In 2017, the median home equity value was $128,000. This increased by more than 50% to $176,000 by July 2019. Meanwhile, the median home price has also grown rapidly over this period: it was just $130,000 in 2017 and had reached its peak at $236,000 by July 2019. This indicates that there is strong demand for homes in the 35178 zip code – both from buyers who are looking to purchase their first homes or those who are looking to increase their current holdings.

There are several reasons why homeownership rates and home values have been growing so rapidly in the 35178 zip code over recent years. First and foremost is that there is strong demand for homes – both from buyers who are looking to purchase their first homes or those who are looking to increase their current holdings. Additionally, there has been an increase in investment opportunities available for homeowners – such as refinancing options or using HELOCs (home equity lines of credit) – which has helped them get more bang for their buck when purchasing a home. Finally, low interest rates have made it easier for people to borrow money against their homes’ equity without having to pay high interest rates on loans or mortgages. Taken together these factors have contributed significantly towards increasing homeowner wealth and property values across the 35178 zip code area over recent years