30328, Atlanta, GA

The 30328 zip code of Atlanta, GA has a median home value of $224,000. This is higher than the national median home value of $177,500. The 30328 zip code also has a high home equity rate of 83%. This means that homeowners in this zip code have a large percentage of their overall wealth invested in their homes.

This high level of home equity is likely due to the strong economy and low unemployment rates in the 30328 zip code. Many people are able to afford to buy homes and invest in their homes because they have good jobs and stable incomes. Additionally, the availability of affordable housing and low interest rates are also contributing factors to the high level of home equity in the 30328 zip code.

Despite these positive factors, there are some risks associated with having a high level of home equity. If someone loses their job or their income decreases significantly, they may not be able to afford to pay all or part of their mortgage or rent payments on time. Additionally, if there is an unexpected expense (like a major repair on one's house) that requires more money than expected to be spent, homeowners may find themselves struggling to come up with the extra funds necessary to cover that expense.