36035, Goshen, AL

The 36035 zip code of Goshen, AL has a median home value of $183,000 and a median home equity of $111,000. This is significantly lower than the Alabama state median home value of $236,500 and the national median home equity of $142,200. The 36035 zip code also has a significantly lower homeownership rate than both the Alabama state homeownership rate of 63.5% and the national homeownership rate of 68.2%.

There are several factors that may contribute to the low home values in the 36035 zip code. First, Goshen is located in one of Alabama's more rural areas and there are relatively few homes for sale compared to other areas in the state. Second, many homes in this area were built before 1990 and may not be in compliance with current building standards. Third, Goshen residents may be less likely to have access to credit due to their low homeownership rate or because they live in an area with limited job opportunities. Finally, many homes in this area were purchased at below market prices which may make them less profitable for investors or renters.