35574, Kennedy, AL

Kennedy, AL is located in the southeastern corner of Alabama and has a population of just over 10,000 people. The 35574 zip code covers just over 2 square miles and has a median home value of $111,500. Home prices have been on the rise in Kennedy for the past few years and are now above their pre-recession levels.

There are a number of factors contributing to the increase in home values in Kennedy. First, the area is growing rapidly and new homes are being built at a faster rate than ever before. Second, there is strong demand for housing due to an influx of families moving into the area and an aging population that is looking to downsize. Finally, Kennedy has excellent schools and amenities that make it a desirable place to live.

Despite these positive factors, there are some challenges facing home buyers in Kennedy. First, prices are high relative to incomes which makes it difficult for people who don't have ample savings or who need to borrow money to purchase a home. Second, there is limited inventory available which means that homes tend to sell quickly once they become available. Third, interest rates remain low which makes it difficult for people who want to take out mortgages or refinance their existing homes into more affordable formats. Fourth, although Kennedy has excellent schools and amenities, not everyone can afford to live here due to high housing costs.