30013, Conyers, GA

Home Equity in the 30013 Zip Code of Conyers, GA

According to Zillow, as of September 2017, the median home value in the 30013 zip code of Conyers was $191,900. This is a decrease from the previous year when the median home value was $195,000. However, this still represents a significant increase from 2007 when the median home value was only $101,500.

One reason for this increase in home values may be due to recent development in and around Conyers. In addition to new construction, there has been an influx of families and retirees moving into this area which has driven up demand for housing. Additionally, Conyers is located within close proximity to Atlanta which has also contributed to increased prices.

Despite these factors contributing to increased prices, it is important to keep in mind that not all homes within the 30013 zip code are worth more than their original purchase price. In fact, there are many homes that are worth less than their original purchase price due to depreciation (the gradual decrease in value over time). For example, a home that is 10 years old may be worth 80% of its original purchase price but would only be worth 60% of its value if it were newly built.

Overall though, homeownership rates have been on the rise throughout metro Atlanta and this trend seems likely to continue in areas like Conyers where new development and population growth are fueling demand for housing. As long as buyers understand that not all homes within this zip code are worth more than their initial purchase price and take into account other factors such as depreciation when making an offer on a property they may find great deals on homes here!