30501, Gainesville, GA

The 30501 zip code of Gainesville, GA has a population of around 107,000 people. The median household income in this zip code is $50,000 which is lower than the national median household income of $53,046. However, the home equity and home prices in this zip code are much higher than the national average.

According to Zillow’s Home Value Index for ZIP Codes in the United States as of September 2018, the home value in Gainesville is $219,200 which is significantly higher than the national average of $185,700. This indicates that homeowners in Gainesville are able to generate a significant amount of equity in their homes relative to other Americans. Additionally, Zillow’s Home Price Index shows that the home price in Gainesville has increased by 10% over the past year which is much faster than the national average increase of 2%. This suggests that there is strong demand for homes in Gainesville and that homeowners are able to generate healthy returns on their investments.

While it may be tempting for some people to buy a house based on its current value alone, it is important to consider other factors such as future potential growth rates and whether or not you will be able to maintain your current mortgage payments if your income changes significantly over time. In general, it seems like homeownership rates are high in Gainesville because there is a lot of demand for housing here and people are able to generate healthy returns on their investments by buying homes here.