30411, Alamo, GA

Home Equity and Home Prices in the 30411 Zip Code of Alamo, GA

The home equity and home prices in the 30411 zip code of Alamo, GA are very high. The median home value in this zip code is $269,000, which is significantly higher than the national median home value of $177,500. In addition, the percentage of homes that are owner-occupied in this zip code is also high at 87%. This indicates that a majority of residents in this zip code are homeowners who have significant equity in their homes.

One reason why the home equity and home prices in this zip code are so high is because there is a large number of affluent residents living here. The percentage of households earning over $100,000 per year is above the national average of 34%. Additionally, the percentage of households earning over $200,000 per year is also above the national average of 10%. This indicates that a large number of people who live in this zip code have a lot of money saved up and can afford to buy a house even if it's not affordable on a monthly basis.

Another reason why the home equity and home prices in this zip code are so high is because there is limited inventory available for purchase. The number of homes for sale has decreased by 11% since last year while the number of active listings has increased by 8%. This indicates that there are relatively few houses available for purchase compared to other areas within metro Atlanta. Consequently, buyers who want to purchase a house must compete with each other for scarce housing stock.