30204, Barnesville, GA

The 30204 zip code of Barnesville, GA is located in the northwest corner of the metro Atlanta area. The zip code has a population of just over 10,000 people and an average household income of just over $50,000. The median home value in the zip code is $163,500, which is significantly higher than the statewide median home value of $130,800. In addition to being significantly higher than the statewide median home value, Barnesville's home equity values are also much higher than most other zip codes in Georgia. For example, the median home equity value in the Athens-Clarke County zip code is just over $60,000 while the median home equity value in Cobb County is just under $100,000.

One reason that Barnesville's home equity values are so high is that there are a lot of expensive homes available for sale in the zip code. In fact, there are nearly twice as many homes available for sale in Barnesville as there are households living in the zip code. This abundance of available homes has led to strong demand for property in Barnesville and consequently high home equity values.

Another reason why Barnesville's home equity values are so high is that there is a relatively low number of homeowners who owe more on their mortgages than their homes' current market values. In fact, only about one-third of homeowners with mortgages in Barnesville owe more on their mortgage than their homes' current market values. This low level of mortgage debt relative to market value helps to keep housing prices stable and ensures that homeowners have some protection against price declines should interest rates rise again.

Overall, it appears that strong demand for property and low levels of mortgage debt have helped to drive up Barnesville's home equity values significantly over recent years. While this trend may not be sustainable long-term due to increasing interest rates or increased competition from other areas with higher housing prices (such as nearby Athens), it appears likely that Barnesville'shome Equity Values will continue to be among the highest within Georgia for some time to come