35640, Hartselle, AL

The 35640 zip code of Hartselle, AL is located in the northeast corner of the state and has a population of around 27,000. Home prices in this zip code have increased significantly over the past few years, reaching an all-time high of $269,900 in August 2017. This increase in home prices can be attributed to a number of factors, including strong demand from buyers and limited supply due to restrictive zoning laws.

Home equity is a key factor in home prices. In general, homeowners who have more equity in their homes are more likely to be able to sell them for a higher price than those who do not have as much equity. In the 35640 zip code of Hartselle, AL, homeowners with at least $100,000 in home equity are almost twice as likely to be able to sell their homes for at least $250,000 than those who do not have any home equity. Additionally, homeowners with at least $200,000 in home equity are almost three times as likely to be able to sell their homes for at least $500,000 than those who do not have any home equity.

Despite these high levels of home equity among homeowners in the 35640 zip code of Hartselle, AL., there has been limited growth in house prices over the past few years due largely to restrictive zoning laws that limit development potential within this area. If current zoning laws remain unchanged or if new restrictions are put into place that further limit development potential within this area (as has been proposed), it is possible that house prices will begin to decline again soon thereafter.