36740 ZIP Code Profile, Map, Data & Demographics

The ZIP Code maps and database are updated 4 times per year.
Database updated: April 1, 2023, Maps updated: February 3, 2023.

Forkland, AL 36740 Data & Demographics (As of July 1, 2022)

POPULATION
Total Population	917 (100%)
Population in Households	917 (100.0%)
Population in Families	737 (80.4%)
Population in Group Quarters¹	0
Population Density	13
Diversity Index²	36


INCOME
Median Household Income	$29,709
Average Household Income	$52,691
% of Income for Mortgage⁴	14%
Per Capita Income	$23,303
Wealth Index⁵	35

HOUSING
Total HU (Housing Units)	537 (100%)
Owner Occupied HU	315 (58.7%)
Renter Occupied HU	96 (17.9%)
Vacant Housing Units	126 (23.5%)
Median Home Value	$77,326
Average Home Value	$133,016
Housing Affordability Index³	197

HOUSEHOLDS
Total Households	411
Average Household Size	2.23
Family Households	252
Average Family Size	3.00

NOTES

Group Quarters - a place where people live or stay in a group living arrangement. Includes college residents halls, nursing facilities, military barracks, and correctional facilities.
The Diversity Index is a scale of 0 to 100 that represents the likelihood that two persons, chosen at random from the same area, belong to different races or ethnic groups. If an area's entire population belongs to one race AND one ethnic group, then the area has zero diversity. An area's diversity index increases to 100 when the population is evenly divided into two or more race/ethnic groups.
The Housing Affordability Index base is 100 and represents a balance point where a resident with a median household income can normally qualify to purchase a median price home. Values above 100 indicate increased affordability, while values below 100 indicate decreased affordability.
The % of Income for Mortgage quantifies the percentage of median household income dedicated to mortgage payments on a home priced at the median value (assuming a 30-year mortgage and a 20% down payment).
The Wealth Index is based on a number of indicators of affluence including average household income and average net worth, but it also includes the value of material possessions and resources. It represents the wealth of the area relative to the national level. Values above or below 100 represent above-average wealth or below-average wealth compared to the national level.

Forkland, AL 36740 - Peer Comparisons by Rank and Percentile

The table below compares 36740 to the other 608 ZIP Codes in Alabama by rank and percentile using July 1, 2022 data. The location Ranked # 1 has the highest value. A location that ranks higher than 75% of its peers would be in the 75th percentile of the peer group.

GROWTH RATE / YEAR	2020-2022	2022-2027
Population	-1.51%	-0.71%
Households	-1.27%	-0.49%
Families		-0.64%
Median Household Income		1.62%
Per Capita Income		4.37%
Owner Occupied HU		-0.45%

Variable Description	Rank	Percentile
Total Population	# 517	15th
Population Density	# 536	12th
Median Household Income	# 568	7th
Housing Affordability Index	# 421	69th
Per Capita Income	# 503	17th
Diversity Index	# 380	38th

36740 ZIP Code Profile, Map, Data & Demographics

ZIP Code 36740: Basic Data & USPS Preferred City Name

Forkland, AL 36740 Data & Demographics (As of July 1, 2022)

POPULATION

INCOME

HOUSING

HOUSEHOLDS

GROWTH RATE / YEAR

Forkland, AL 36740 - Peer Comparisons by Rank and Percentile

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