36107, Montgomery, AL

The 36107 zip code of Montgomery, AL is located in the southeastern part of the state and has a population of around 118,000. The median household income in this zip code is $54,500 and the median home value is $146,000. Home equity in this zip code has been increasing steadily over the past few years and as of 2016 it was at an all-time high of $183,200. This increase can be attributed to a number of factors including low interest rates and increased demand for housing in Montgomery due to its strong economy.

Despite the recent increase in home equity values, there are still many homeowners who are struggling to pay off their mortgages. In fact, according to Zillow’s 2018 Home Value Index report, approximately one-third (32%) of households in this zip code are still carrying a mortgage that requires monthly payments. Additionally, although home prices have been on the rise for several years now, they remain relatively affordable when compared to other areas of Alabama. This is likely due to Montgomery’s strong economy and its status as a major metropolitan area.