36470, Perdue Hill, AL

The 36470 zip code of Perdue Hill, Alabama is located in the foothills of the Appalachian Mountains and has a population of just over 2,000. The median household income in this zip code is just over $50,000 and the median home value is just over $150,000. Home equity in this zip code is very high compared to other areas of the country. In fact, according to Zillow, the home equity in this zip code is more than triple the national average. This high level of home equity may be due to a number of factors including low interest rates and strong job growth in this area.

Despite these positive factors, there are some risks associated with having high levels of home equity. If interest rates rise or if the economy weakens, homeowners could find themselves struggling to pay their mortgages or other debts. Additionally, if prices decline in this area (which they have done in past years), homeowners could lose a significant amount of money on their investments. However, overall it appears that homeowners in Perdue Hill are doing well financially and enjoy considerable levels of home equity.