30240, Lagrange, GA

The 30240 zip code of Lagrange, GA is located in the northeast corner of the state and has a population of just over 10,000. Home prices in this area have been on the rise for the past few years and are now among some of the highest in Georgia. The average home price in this zip code was $207,500 as of September 2017. This is up from $191,000 just two years earlier.

One reason for this increase is that there are a lot of homes available for sale in this area. In fact, there were only 753 homes available for sale as of September 2017, which is well below the current market demand. Another reason for the increase in home prices may be that interest rates have remained low throughout much of Georgia over the past few years. This has made it more affordable to buy a home than to rent one, and it has also encouraged people to invest their money into property instead of other forms of investments.

Despite these positive factors, there are some risks associated with buying a home in Lagrange right now. One potential issue is that prices could fall if interest rates go up again or if there are any other unforeseen problems with the economy or the housing market. Another potential issue is that buyers who don’t have enough money down on their homes could end up having to mortgage them instead which would add an additional layer of risk to their investment. However, overall it seems likely that home prices will continue to rise in this area over time so long as demand remains high and interest rates remain low.