30043, Lawrenceville, GA

Home Equity and Home Prices in the 30043 Zip Code of Lawrenceville, GA

The home equity and home prices in the 30043 zip code of Lawrenceville, GA are very high. The median home value in this zip code is $269,000, which is more than double the national median home value of $130,000. Additionally, the percentage of homes in this zip code that are worth more than $300,000 is significantly higher than the national percentage of homes that are worth more than $300,000. This indicates that there is a high demand for homes in this zip code that are worth a significant amount of money.

One reason why the home equity and home prices in this zip code are so high is because there is a large number of affluent residents living here. The percentage of households earning over $100,000 per year is significantly higher than the national percentage of households earning over $100,000 per year. This indicates that there is a high demand for luxury homes in this zip code. Additionally, many wealthy individuals choose to live in Lawrenceville because it has a strong economy and excellent schools. Therefore, it is not surprising that the median household income here is also significantly higher than the national median household income.

Despite these high home values and incomes, however, there have been some concerns raised about the stability of the housing market in Lawrenceville due to increasing interest rates and rising prices. It seems likely that if interest rates continue to increase or if prices continue to rise rapidly then many homeowners who currently have strong equity levels will find themselves struggling to maintain their homes or even lose them altogether due to mortgage payments becoming too expensive.