35903, Gadsden, AL

Home equity is a measure of the value of a home minus the outstanding mortgage balance. Home prices are the price at which homes are sold in an area. Both home equity and home prices can vary greatly from one area to another, depending on many factors, including the availability of homes for sale, interest rates, and local economic conditions.

According to data from Zillow, Gadsden's 35903 zip code had the eighth-highest home equity value in Alabama as of March 2018. The median home equity value in 35903 was $172,000. This means that half of all homes in this zip code had a greater home equity value than their outstanding mortgage balance.

The average home price in 35903 was $151,500 as of March 2018. This is lower than the statewide average price of $217,500 but higher than the national average price of $146,200. In terms of percentage change from March 2017 to March 2018, Gadsden's home prices increased by 2%. This is lower than both the statewide increase (3%) and national increase (5%) but still represents an increase over last year's figure.