35648, Lexington, AL

The 35648 zip code of Lexington, AL is located in the heart of Alabama's horse country and has a population of around 36,000. The median home value in this zip code is $158,000 and the median household income is $75,000. Lexington has a strong economy with many businesses located in the area. The unemployment rate in Lexington is 3.9%, which is lower than the national average of 4.1%.

The housing market in Lexington has seen strong growth over the past few years. The number of homes sold in Lexington increased by 28% from 2016 to 2017 and the median home value increased by 27%. This strong growth can be attributed to several factors including low interest rates, increasing demand for homes due to a stable economy, and limited supply of homes available for purchase.

Despite these positive trends, there are some risks that could affect the future performance of the Lexington housing market. One potential risk is that interest rates could rise which would slow down home sales and lead to decreased prices. Another potential risk is that there could be a sudden increase in demand for homes which would cause prices to increase faster than inflation (which would lead to an appreciation on homeowners' equity). However, overall it appears that the Lexington housing market continues to be healthy and should continue to grow over the next few years.