30040, Cumming, GA

Cumming, GA is located in the 30040 zip code. According to the 2016 American Community Survey, the median household income in this zip code is $72,500. The median home value is $187,000. Cumming has a population of around 27,000 people.

The average home equity and home prices in Cumming have been increasing over the past few years. In March of 2017, Zillow reported that the average home equity in Cumming was $183,200 and the average home price was $207,500. This increase in home values can be attributed to several factors: an improving economy (more jobs and wages), low interest rates (helping to make mortgages more affordable), and increased demand for homes due to population growth and migration patterns.

While there are many reasons why home values have increased in Cumming over the past few years, there are also some risks associated with this trend. For example, if interest rates rise or if the economy takes a downturn again, homeowners could find themselves facing significant financial challenges. Additionally, if prices continue to increase rapidly without any corresponding improvements in quality or functionality of homes – as has been seen recently in some markets – some buyers may be forced out of their neighborhoods altogether as prices become too high for them to afford. While these risks are certainly present throughout all markets nationwide, they are particularly pronounced in areas like Cumming where prices have risen so rapidly relative to incomes and other economic indicators.