36545, Jackson, AL

Home Equity in Jackson, AL

In the 36545 zip code of Jackson, AL, there are an estimated 1,835 homes with a value of $250,000 or more. This equates to a home equity rate of 12.5%. Additionally, there are an estimated 1,025 homes with a value of $100,000 or more and a home equity rate of 10.4%. These rates indicate that homeowners in the 36545 zip code have more equity in their homes than homeowners in other zip codes in Alabama.

The average home price in the 36545 zip code is $154,500 and the average mortgage debt is $104,700. These figures indicate that most homeowners in the 36545 zip code have enough money saved up to cover their mortgages if they were to lose their jobs or have other financial difficulties. Additionally, homeownership rates are high in this area - approximately 83% - which indicates that many people who live here are long-term residents rather than short-term renters.

Home prices and home equity rates vary greatly depending on the location within a given ZIP Code. For example, ZIP Codes located near major cities such as Birmingham or Huntsville tend to have higher home prices and home equity rates than ZIP Codes located near rural areas or small towns. It is important for potential buyers and sellers to do their research before making any decisions about purchasing or selling a home in Jackson, AL