36509, Bayou La Batre, AL

The 36509 zip code of Bayou La Batre, AL has a median home value of $101,000. The home equity in this zip code is $41,000. This means that the typical homeowner in this zip code has over 41% of their home equity invested in their home.

Bayou La Batre is located in Baldwin County and has a population of just over 10,000 people. The median age in Bayou La Batre is about 44 years old which is older than the national median age of 37 years old. This older population may be contributing to the high home equity and home prices in this zip code.

Home prices have been on the rise for most of the country since 2007. In Bayou La Batre, however, prices have increased even more rapidly than the national average since 2012. Between 2012 and 2016, prices increased by an average of 34%. This rate of increase is much faster than any other zip code in Alabama or Mississippi during that time period.

One reason for the rapid increase in home values may be due to low inventory levels throughout much of Alabama and Mississippi during that time period. Additionally, many homeowners who live in Bayou La Batre are likely able to afford higher mortgage rates because they are older and have more equity invested in their homes.