36756, Marion, AL

Marion, Alabama is located in the southeastern corner of Alabama and has a population of just over 30,000 people. The 36756 zip code covers a total area of just over 2 square miles and has a median home value of $119,000. Home equity in Marion is relatively low compared to other zip codes in Alabama. In fact, only about one-third (34%) of homes in the Marion zip code have any equity at all. This is likely due to the high rate of home foreclosure in Marion (almost one-third of all homes in the zip code are currently owned by someone who is delinquent on their mortgage).

Despite this fact, home prices have been slowly increasing over the past few years. In March 2017, the median home value was $128,500 which is up from $122,500 in March 2016. This modest increase may be attributable to several factors including low interest rates and steady job growth locally. While there are some pockets of high home values (near Birmingham), most homes within the Marion zip code fall within a reasonable price range for buyers looking for an affordable starter home or an investment property.