36079, Troy, AL

The 36079 zip code of Troy, AL has a median home value of $128,000. The home equity in this zip code is $41,000. This means that the average homeowner in this zip code has about $65,000 in equity in their homes.

Home prices have been on the rise for the past few years in Troy, AL. In fact, according to Zillow’s Home Value Index (HVI), the average home value in this zip code has increased by 12% since 2016. This is much faster than the national average increase of 6%.

One reason for this uptick may be that Troy is a growing city with plenty of new development happening. Additionally, Troy has low unemployment rates and a strong economy overall which could lead to more people buying and selling homes.

However, there are also some factors that could be causing prices to go up faster than usual in Troy. For example, interest rates are currently at historic lows which may make it easier for people to borrow money and buy homes. Additionally, there is a limited supply of homes available for sale due to zoning restrictions and other factors which could lead to higher demand and higher prices.

Overall though, homeownership rates are still high in Troy so it looks like there is plenty of opportunity for those who want to buy or sell a home here over the next few years!