36040, Hayneville, AL

The 36040 zip code of Hayneville, AL has a population of just over 2,000 people and an average home value of just over $100,000. The median home value in this zip code is $92,500. Home equity in this zip code is very high compared to the rest of Alabama. In fact, the median home equity in Alabama is only $41,500. This means that nearly half (47%) of homes in the 36040 zip code have more than twice as much equity as homes in the median zip code in Alabama.

There are a number of reasons why homes in the 36040 zip code have so much more equity than homes elsewhere in Alabama. First, Hayneville is a relatively affluent area with a high rate of homeownership. Second, Hayneville residents tend to spend more on their homes than residents elsewhere in Alabama. Third, Hayneville residents are likely to have larger down payments relative to their incomes than residents elsewhere in Alabama. Fourth, Hayneville residents are less likely to face foreclosure or bankruptcy proceedings than residents elsewhere in Alabama. Fifth, there are relatively few foreclosures or short sales taking place within the 36040 zip code compared to other parts of Alabama. Sixth and finally, Hayneville real estate agents and brokers work hard to keep property values high by marketing properties aggressively and by providing top-notch customer service.