35907, Gadsden, AL

The 35907 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 home value in this zip code is $128,900, which is lower than the statewide median home value of $157,600. However, this zip code has a higher percentage of homes that are valued at less than $50,000 (25%) than the statewide average percentage (19%). Additionally, there are more homes that are valued at over $200,000 (40%) in this zip code than the statewide average percentage (30%).

There are several factors that may contribute to why home values in this zip code are lower than those statewide. First and foremost is the fact that Gadsden is a relatively rural area and there aren't as many jobs or opportunities available for people who want to buy or sell homes. Additionally, it's likely that many people who live in this zip code have been impacted by the recession more severely than people living elsewhere in Alabama. Finally, home prices here have not increased as quickly as they have statewide since 2007-2008. This could be due to a number of factors including stricter lending criteria and slower economic growth overall across Alabama during that time period.