30475, Vidalia, GA

The Vidalia, GA zip code 30475 has a population of around 10,000 people and a median household income of $60,000. The home equity in this zip code is around $280,000 and the home prices are around $185,000. This means that the homeowners in this zip code have a lot of equity in their homes and are able to borrow against that equity to purchase additional property or to pay off debts.

One reason that the homeowners in this zip code have a lot of equity in their homes is because there is not a lot of foreclosure activity in Vidalia, GA. In fact, only 0.5% of all housing units in the 30475 zip code are currently for sale and only 1.4% of all housing units are currently occupied by someone who received an eviction notice within the past twelve months. This low level of foreclosure activity means that there is not as much competition for homes available for sale and it also means that there is more demand for homes than there are available homes on the market.

Another reason why the homeowners in this zip code have a lot of equity in their homes is because they paid off their mortgages early. Around 36% of all households in the 30475 zip code have mortgage debt that is less than 30% of their total household income. This means that these homeowners were able to save money on their monthly payments by paying off their mortgages early and they also have access to lower interest rates since they did not take out any high-interest loans when they bought their homes.