36879, Waverly, AL

Home Equity and Home Prices in the 36879 Zip Code of Waverly, AL

The home equity and home prices in the 36879 zip code of Waverly, AL are very high. The median home value is $214,000 and the median home equity is $137,000. This means that there are a lot of homes in this zip code that are worth a lot of money. In fact, there are so many homes that are worth a lot of money that it is difficult to find one that is not worth at least some amount of money. This makes it very difficult for people who want to buy a house in this zip code. It also makes it difficult for people who want to sell their house in this zip code.

One reason why the home equity and home prices in the 36879 zip code of Waverly, AL are so high is because there are a lot of homes here that were built recently. In fact, almost half (47%) of all homes in this zip code were built within the last five years. This means that there is a lot of demand for houses in this area and a lot of people who can afford to buy them. Additionally, many people who live in this area own their homes outright rather than using mortgages or other forms of financing. This means that they have more money available to them to use as collateral if they need to borrow money to buy or sell a house. As a result, the mortgage market here is very strong and the average mortgage rate for houses here is 5%.

Despite these factors, however, not everyone living in the 36879 zip code can afford to buy or sell a house at these prices. In fact, according to Zillow’s 2018 Home Value Index report , only about one-third (34%)of all households living here can afford to purchase an average-priced home without taking on significant debt obligations . This means that there are still plenty of houses available for sale at reasonable prices even though they may not be affordable for everyone who wants one . Additionally , although housing prices have been increasing rapidly over recent years , they have not increased as quickly as wages have . As a result , even though more people can afford to buy houses now than ever before , fewer households actually do so .