30206, Concord, GA

The 30206 zip code of Concord, GA has a median home value of $137,500 and a median home equity value of $122,000. These values are higher than the national median home value of $123,700 and the Georgia median home equity value of $106,200. The 30206 zip code also has a lower than average percentage of homeowners with negative equity (less than 20% of homes have less than 20% equity) at only 8.5%. This is lower than the national percentage of homeowners with negative equity at 12.4% and the Georgia percentage of homeowners with negative equity at 11.1%.

One reason that the 30206 zip code has a lower percentage of homeowners with negative equity is that there are more homes that are worth more than their mortgage balance. The 30206 zip code has a higher percentage of homes valued at more than their mortgage balance (36%) than the national percentage (30%) and the Georgia percentage (29%). This means that there is more money available to help people who have negative equity stay in their homes.

Another reason why the 30206 zip code has a lower percentage of homeowners with negative equity is that there are more homes that are worth more than their original purchase price. The 30206 zip code has a higher percentualof homes valued at more than their original purchase price (41%)than the national percentualof homes valued at more than their original purchase price (35%). This means that people can buy houses in this area for less money and still have enough money left over to buy things they need or want.