35578, Nauvoo, AL

The 35578 zip code of Nauvoo, AL is located in the northwestern corner of the state and includes a population of just over 9,000 people. The median home value in this zip code is $119,900 which is significantly lower than the statewide median home value of $217,500. This indicates that there are a significant number of homes in this zip code that are worth less than what is typically considered to be a fair market value.

One possible explanation for why there are so many homes in this zip code that are worth less than their fair market values may be due to the fact that Nauvoo is located in an area that has been hit particularly hard by the recession. Many homeowners who were able to maintain their homes during the boom years have seen their values decline as unemployment has increased and consumer confidence has decreased. Additionally, many homeowners who were unable to sell their homes during the peak housing market have now decided to stay put even though they may no longer be able to afford their mortgages. As a result, there are now more homes available for sale at prices below what would be considered normal for an area like this.