35614, Athens, AL

Athens, Alabama is located in the 35614 zip code. The median home price in this zip code is $129,900. Home equity in Athens, Alabama is typically a valuable asset for homeowners. Home equity can be used to pay off debts, fund retirement plans, or purchase additional property.

Home prices and home equity vary greatly across the United States. In some areas of the country, home prices are increasing rapidly while in other areas they are decreasing. The 35614 zip code falls into the latter category with a 0% growth rate over the past five years according to Zillow data1 . This means that while home values have not increased significantly over this period of time, they are still relatively high when compared to other areas of the country.

The average monthly mortgage payment for homes in Athens is $1,811 according to Trulia2 . This indicates that homeownership rates are high and that most people who live in Athens own their homes outright or have a low mortgage debt burden.

Home equity can be an important source of financial security for homeowners and it can provide them with opportunities that they may not otherwise have access to. For example, if someone has a low income they may not be able to afford a large down payment on a house but they may be able to afford a smaller down payment and use their home equity as collateral for a loan from a bank or credit union.

Overall, Athens residents appear to be doing well financially based on their level of home equity and home prices. While there may be pockets of slower growth or decline throughout the United States, overall homeownership rates remain high and mortgage payments remain relatively low relative to other areas of the country