30265, Newnan, GA

Home equity is a measure of the value of a home that a homeowner owns, minus any outstanding mortgages or other debts on the property. Home prices are the amount that buyers are willing to pay for a particular type and size of home in an area.

According to Zillow, as of March 2019, the median home value in Newnan was $157,200. This means that half of all homes in this zip code were worth more than this amount, and half were worth less. Over the past year, however, there has been a noticeable uptick in home values in this area. Between January and March 2019 alone, median home values increased by 5%.

This increase is likely due to several factors. First and foremost, Newnan is located within one of the most desirable areas in metro Atlanta – which means that there is high demand for homes here. Additionally, recent economic indicators have been positive – including job growth and low unemployment rates – which has led to an increase in consumer confidence and spending power. Finally, many homeowners who have been waiting for years to see their homes appreciate finally got their wish!

While it’s great news for homeowners who are seeing their homes appreciate rapidly – especially those who bought at or near peak prices – it’s also important to remember that not everyone is experiencing these same benefits. In fact, according to Zillow’s analysis of data from Trulia , as of March 2019 there was a significant gap between average home values (which were $178K) and median household incomes (which were $60K). This suggests that many homeowners in Newnan are paying more than they can afford based on their income levels alone.