Zip Code:
35222 is a Alabama Zip code within the city of Birmingham and the county of Jefferson County. Its population is roughly 8,989.
Birmingham, AL is a city located in the southeastern region of the United States. The city has a population of over 205,000 and is home to several major universities including the University of Alabama at Birmingham (UAB) and Auburn University. The 35222 zip code covers much of Birmingham's southernmost neighborhoods and includes some affluent areas such as Homewood and Vestavia Hills.
Home equity is a key component of homeownership in the United States. Home equity provides individuals with an asset that can be used to finance other assets or help pay off debt. Home prices are also an important factor in homeownership rates in the US. In most parts of the country, home prices have increased significantly over the past few years, making homeownership more attainable for many people.
The 35222 zip code has seen significant growth in home values over the past few years. Between January 1st, 2006 and January 1st, 2016, median home values increased by 116%. In comparison, median home values across all zip codes in Alabama increased by only 54%. This indicates that homes in the 35222 zip code are considerably more expensive than homes elsewhere in Alabama. Over this same period of time, average monthly mortgage payments for homes within this zip code increased by only 5%. This indicates that even though home values have increased significantly, borrowers are able to afford their mortgages relatively easily given current market conditions.
Despite these positive trends, there are some areas within the 35222 zip code where home values have not grown as quickly as others. Median home values within this area decreased by 2% between January 1st, 2006 and January 1st, 2016 while they rose by 10% nationwide during this same time period. This suggests that there may be some pockets of weakness within the market that could potentially lead to slower growth down the road if not addressed promptly.
Price Index: Birmingham-Hoover, AL
Zipcode | Population | Density | Timezone | Latitude | Longitude | City | County | State |
---|---|---|---|---|---|---|---|---|
35213 | 14,062 | 853.4 | America/Chicago | 33.50663 | -86.74284 | Birmingham | Jefferson County | Alabama |
35212 | 11,295 | 745.2 | America/Chicago | 33.54744 | -86.75302 | Birmingham | Jefferson County | Alabama |