36031, Fort Davis, AL

The 36031 zip code of Fort Davis, AL is located in the southeastern corner of the state and includes a population of just over 2,000. The median home value in this zip code is $128,000, which is significantly lower than the statewide median home value of $217,500. However, this zip code does have a higher percentage of homes that are valued at less than $50,000 than the statewide average.

There are a number of factors that could contribute to the lower home values in this zip code. First and foremost, Fort Davis is located in one of Alabama's poorest counties and has a high rate of unemployment. Additionally, there are relatively few homes available for sale in this area due to restrictions on building permits and zoning regulations. Finally, many residents here may be underwater on their mortgages due to low home values prior to the housing market crash in 2008-2009.

Despite these challenges, there are some indications that home values may be starting to rebound in 36031. For example, new construction projects have begun to appear more frequently here recently and there has been an increase in sales activity overall. Additionally, although mortgage rates remain high by historical standards (currently around 4%), they have been trending downward recently which could lead to an uptick in sales activity over time.