The story of this market
The typical home in ZIP 35677 sells for about $193,000, or $118 per square foot.
Prices are up +2.1% from a year ago, so sellers still have some momentum. Homes take about 84 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $673 a month.
ZIP 35677 — Waterloo
The 35677 housing market is characterized by high vacancy rates and slow turnover, reflecting its status as a rural and recreational area. While prices have seen modest appreciation, the market remains sensitive to the high proportion of non-primary residences and limited local economic growth. Buyers should exercise diligence regarding property condition and long-term liquidity.
This ZIP is best suited for retirees, outdoor enthusiasts, and those seeking affordable rural living, rather than commuters or investors looking for high-velocity urban markets.
Median prices moved up 2.1% year over year.
Homes spend a median of 84 days on market with 10.5 months of supply — a slower-moving market.
13% of listings have cut prices · homes sell at 96.2% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 1.0% · poverty 5.3% — a stable, low-distress profile.
Researched annual trajectory for this ZIP, from published historical series
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 4.9%/yr trend — a deterministic estimate, not a published forecast or guarantee.
Median annual property tax paid on this ZIP's residential parcels
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 4.9%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
in-migration and out-migration balanced
ZCTA 35677, Lauderdale County AL
ACS 2024 5-year estimates. Aggregate published statistics for this ZIP — never individual records, and never an attribute of any individual property or resident.
Schools serving the area are part of the Lauderdale County School District, which generally maintains rural-district performance standards.
The area is subject to regional flood risks associated with the Tennessee River and standard Alabama severe weather patterns.
Economic momentum is limited, with the area primarily serving as a rural residential and recreational enclave rather than a commercial hub.
Composed from the ARED governance burden registry — tier-native tax structure (state + county + city + special districts), never averaged. State (Alabama) — Standard State Ad Valorem Homestead Exemption: Exempts up to $4,000 in assessed valuation from the 6.5 mill state ad valorem tax levy (providing a maximum direct state tax reduction of $26.00). Formula: Adjusted State Tax = Max(0, (Assessed Value - $4,000)) × 0.0065. State (Alabama) — Statewide Ad Valorem Property Tax and Class III Residential Assessment Ratio: Establishes a baseline 6.5 statewide millage rate ($0.0065 per dollar of assessed value) under Ala. Code § 40-8-1 and the Alabama Constitution.
Commutes are primarily car-dependent, with residents traveling toward Florence or other regional employment centers in the Shoals area.
The area is defined by its proximity to the Tennessee River and Wilson Lake, offering significant opportunities for boating, fishing, and outdoor recreation.
The rental market is characterized by high vacancy rates and limited inventory, with many units serving as seasonal or recreational housing.
The local economy is heavily influenced by tourism, agriculture, and proximity to the broader Shoals regional labor market.
Transportation is entirely reliant on private vehicle use via local state highways.
Development is largely restricted to low-density residential and recreational projects.
Lauderdale County utilizes a standard mass-appraisal system for annual property tax assessments.
Parcels are subject to Lauderdale County school and general fund taxes, with no significant MUD or PID presence.
Property insurance premiums are influenced by regional wind and flood exposure, with market availability generally stable.
Alabama is a non-judicial foreclosure state, allowing for relatively efficient lender recovery processes.
Alabama operates under a 'caveat emptor' (buyer beware) doctrine, with limited mandatory seller disclosure requirements.
Data retrieved from US Census Bureau ZCTA-level tables.
Public schools whose reported address is in this area (NCES). Not attendance boundaries — schools that serve residents may sit outside it. Check the district's address locator for assignment.
Major regional reservoir providing extensive fishing and boating access.
Large state park offering camping, golf, and marina facilities nearby.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.