36549, Lillian, AL

The 36549 zip code of Lillian, AL has a median home value of $118,000. This is lower than the Alabama state median home value of $157,500. The percentage of homes in this zip code that are valued at less than $50,000 is high compared to the state average. The percentage of homes in this zip code that are valued at more than $250,000 is also high compared to the state average.

There are a number of factors that may contribute to the low median home values in this zip code. These include low population density and a lack of available land within the area. Additionally, many homes in this zip code were built before 1978 which may make them less valuable today. Despite these factors, there are still a number of homes in this zip code that are worth over $100,000.

One reason why home values have been decreasing recently in this area is because there has been an increase in interest rates over the past few years. When interest rates rise, it makes it more expensive for people to borrow money to buy a house or to refinance their existing mortgage. As a result, more people are likely choosing to sell their houses instead of buying them and the prices for those houses have decreased accordingly.