35971, Fyffe, AL

The 35971 zip code of Fyffe, Alabama is located in the heart of the Black Belt region and has a population of about 4,000. The median household income in this zip code is about $40,000, which is lower than the national median household income of $53,046. The unemployment rate in this zip code is about 10%, which is higher than the national unemployment rate of 6.3%.

The home equity and home prices in the 35971 zip code are below average when compared to other areas in Alabama. The average home value in this zip code is about $130,000, which is less than the statewide average home value of $218,500 and less than the national average home value of $213,800. Additionally, the homeownership rate in this zip code is only 54%, which is lower than the statewide homeownership rate of 63% and lower than the national homeownership rate of 68%.

One reason why homes in this zip code are valued below average may be because there are a lot of vacant homes in this area. According to Zillow’s Home Value Index data for ZIP codes with at least 500 homes sold between January 1st and December 31st 2017 (the most recent data available), Fyffe had an index score (a measure of market strength) that was 2nd worst out of all 35971 ZIP Codes. This means that there are a lot more homes for sale compared to other areas within Alabama and may be contributing to low home values here.