35503, Jasper, AL

The 35503 zip code of Jasper, AL is located in the southeastern corner of the state and includes a population of approximately 21,000. The median household income in this zip code is $60,000, which is above the statewide median household income of $53,046. The homeownership rate in this zip code is 69%, which is above the statewide homeownership rate of 63%. Home prices in this zip code have increased significantly over the past five years and are currently at an all-time high.

One factor that has contributed to the increase in home prices in this zip code is the strong economy. Unemployment rates have been low for many years and there has been an influx of new residents into the area who are looking to purchase homes. Additionally, there has been a recent increase in demand for luxury homes due to increasing interest rates and rising home values.

Despite these positive factors, there are some risks associated with buying a home in this area. One risk is that interest rates could rise suddenly and cause home prices to decrease. Another risk is that a housing market crash could occur which would lead to decreased demand for homes and decreased prices. In addition, although unemployment rates are low now, they could change or fluctuate unexpectedly and cause job losses that would impact homeowner's ability to sell their homes at a profit.