35613, Athens, AL

Home Equity in 35613 Zip Code of Athens, Alabama

According to the most recent data from Zillow, the median home value in Athens, AL is $131,200. This puts the zip code in the top quartile of home values nationwide. Additionally, when looking at home equity (the difference between a homeowner's mortgage balance and the market value of their home), 35613 residents have a median equity balance of $101,000. This is higher than both the state and national averages.

There are several reasons why homeowners in 35613 have more equity than average. For one thing, homes here are generally older and thus worth more than newer properties. Additionally, homeownership rates are high in this zip code – nearly two-thirds of households own their homes – which helps to boost equity values.

Despite these positive factors, there are some risks associated with having high levels of home equity. If interest rates rise significantly or if a homeowner loses their job or encounters other financial difficulties, they may find it difficult to cover their mortgage obligations and could lose all or part of their equity investment.

Overall, homeowners in 35613 appear to be doing well financially – thanks largely to strong home values and high levels of homeownership – which suggests that this area is a good place to invest money if you're looking for long-term stability and security."