35803, Huntsville, AL

Huntsville, Alabama is a city located in the northern part of the state. It has a population of about 212,000 people and is home to several universities including the University of Alabama at Huntsville (UAH). The 35803 zip code is located in this city and includes many neighborhoods that have seen significant growth in recent years. In fact, according to data from Zillow, the median home value in this zip code increased by almost 20% from 2016 to 2017. This increase has led to an increase in home equity for many residents in this area.

One reason for this growth may be the strong economy that Huntsville has experienced over the past few years. The unemployment rate here was 3.5% as of May 2018, which is lower than both the national average (4%) and the state average (4.9%). Additionally, wages have been increasing faster here than elsewhere in Alabama over the past few years, which may also be contributing to increased home values.

However, there are some risks associated with high home values in areas like Huntsville. If interest rates rise or if there are any other economic problems that occur locally, prices could fall significantly. Additionally, if there are any restrictions on buying or selling homes due to zoning laws or other regulations, prices could become even more difficult to attain for residents who want to sell their homes.