30124, Cave Spring, GA

The 30124 zip code of Cave Spring, GA is located in the north-central part of the state and has a population of approximately 2,000. The median household income in this zip code is $48,000 and the median home value is $130,000. The average home size in this zip code is 2,500 square feet.

There has been an increase in home equity values over the past five years in this zip code. In 2012, the median home equity value was $92,500 and by 2016 that had increased to $128,500. This represents an increase of 36%. Over the same period of time, the average price per square foot for homes has increased from $106 to $127 which also represents an increase of 36%. These increases are likely due to a combination of factors including low interest rates and increasing demand for housing within this area.

While there has been an increase in home equity values over the past five years in this zip code, it is important to keep in mind that these values are still below where they were at their peak back in 2007. At that time, the median home equity value was $158,500 and today it stands at just over $130K – a decrease of 22%. Additionally, while prices have increased significantly within this zip code since 2007 there have been similar increases across all ZIP codes within Georgia which suggests that there is not necessarily a localized market trend happening here.