36913, Melvin, AL

The 36913 zip code of Melvin, AL has a median home value of $123,000. This is higher than the Alabama state median home value of $105,000. The 36913 zip code also has a lower than average population density of only 2 people per square mile which is lower than the Alabama state population density of 3 people per square mile. This indicates that there are more homes for sale in this zip code and therefore more potential buyers.

The median age of residents in the 36913 zip code is 36 years old which is older than the Alabama state median age of 33 years old. This may indicate that there are more retired residents living in this zip code or that there are more young families moving into this area. The percentage of residents who have a college degree or higher is above the state average at 37%. This indicates that there are many educated and successful residents in this area.

One factor that could be contributing to the high home values in the 36913 zip code is the low population density. There are only 2 people per square mile which means that there are plenty of homes for sale and therefore plenty of potential buyers. Additionally, since there are few competing buyers, prices can be higher than they would be if there were more buyers available to drive up prices.