35901, Gadsden, AL

The 35901 zip code of Gadsden, AL is located in the southeastern corner of the state and includes a population of just over 30,000 people. The median household income in this zip code is just over $50,000, which is significantly higher than the statewide median income of $37,500. Additionally, home prices in this area are much higher than the statewide average. As of March 2017, the median home value in this zip code was $191,200. This represents a more than 50% increase from the median home value in 2007 ($130,700).

One reason for this high level of home values may be due to Gadsden's strong economy. The city has experienced steady growth since 2000 and currently ranks as one of Alabama's fastest-growing cities. Additionally, Gadsden is located within close proximity to several major metropolitan areas (Birmingham and Tuscaloosa) that have helped to drive up demand for housing within its boundaries.

Despite these factors, there are still some homeowners who are struggling to afford their homes in the 35901 zip code. According to Zillow data from 2016, approximately 10% of households in this area were considered "underwater" – meaning that they owed more on their mortgages than their homes were worth. This percentage is much higher than the statewide average (5%) but still relatively low when compared with other parts of Alabama (14% in Phenix City and 17% in Hoover).

Overall, it appears that homeownership rates and home values are highest within Gadsden's boundaries and continue to rise even as economic conditions fluctuate elsewhere across Alabama. While there may be some challenges facing those who live within this area – particularly those who are struggling to make mortgage payments – overall conditions appear to be very positive for homeownership and property values here in 35901