ZIP Code 13035 Housing Market

📝 Local Market Notes

The housing market in ZIP code 13035 exhibits a pronounced upward trajectory, with the FHFA House Price Index rising from 180.45 in 2021 to 283.45 in 2025. This four-year period reflects a cumulative appreciation of approximately 57%, indicating sustained demand that has outpaced broader regional trends. The most recent year-over-year increase of 9.05% continues this momentum, suggesting that local price adjustments remain robust despite the current 7.40% national 30-year mortgage rate. When compared to the wider Madison County environment, ZIP 13035 demonstrates distinct market divergence. While the county average year-over-year growth stands at 8.26% and the state average is 3.55%, the ZIP code’s 9.05% gain signals specific local strength. This outperformance relative to the state, and even the county, suggests that 13035 is experiencing unique demand drivers that are not fully captured by broader regional metrics. The neighboring ZIP 13037 shows even higher growth at 14.17%, indicating a cluster of high-appreciation areas within the county, yet 13035 maintains a significant premium over the state median. In terms of sub-market character, the data points to an entry-level to mid-range segment that is currently appreciating rapidly. The parent county’s median home value of $184,600 and median household income of $75,499 suggest a market accessible to first-time buyers, though the 78.3% owner-occupancy rate indicates a stable, established residential base rather than a transient rental-heavy area. With a median gross rent of $928, the cost of living remains moderate relative to national averages. For prospective buyers, the practical takeaway is that ZIP 13035 offers a balance of affordability and strong equity growth. However, the rapid HPI increase implies that entry barriers are rising quickly. Residents and investors should note that while the market is outperforming the state, the high mortgage rates may temper future transaction volumes. The data confirms that 13035 is a high-growth pocket within Madison County, characterized by steady owner-occupancy and price appreciation that exceeds both county and state benchmarks.

Based on FHFA House Price Index data.