30401, Swainsboro, GA

The 30401 zip code of Swainsboro, GA is located in the southeastern corner of the state and has a population of just over 9,000. The median household income in this zip code is just under $50,000, and the median home value is just over $130,000. In terms of home equity, nearly two-thirds (64%) of households in this zip code have at least some equity in their homes. This high level of equity is likely due to the relatively low levels of home prices and interest rates in this area.

Despite the high levels of home equity in this area, there are still a number of households that are struggling to afford their homes. Nearly one-third (31%) of households in the 30401 zip code are considered to be “underwater” on their mortgages – meaning that they owe more on their homes than their homes are worth. This percentage is higher than average for both Georgia and nationwide. Additionally, nearly one-quarter (24%)of households in this zip code have taken out second mortgages or other types of loans to help them pay off their mortgages. These high levels of debt can lead to problems down the road – such as foreclosure – if homeowners cannot get back on track financially.