36925, York, AL

Home Equity and Home Prices in the 36925 Zip Code of York, AL

According to Zillow, the median home value in the 36925 zip code of York, AL is $141,900. This is a decrease from the previous year when the median home value was $145,000. The percentage of homes that are worth more than their original purchase price has also decreased from 62% to 54%. This indicates that there may be some downward pressure on home prices in this area.

The average monthly mortgage payment for homes in this zip code is $1,521. This is lower than the national average of $1,729 but higher than the Alabama average of $1,506. The percentage of homeowners who have a mortgage or loan payments greater than 30% of their income is 44%. This indicates that many people in this area are able to afford their mortgages and are not struggling financially.

There has been an increase in home equity values over time due to an increase in property values and an increase in wages. Over a 10-year period (2005-2015), Zillow reports that home equity values increased by 116%. While there may be some downward pressure on home prices due to economic conditions or other factors outside of homeowners’ control (e.g., interest rates), it appears that most homeowners are able to maintain or even increase their home equity values over time.