30518, Buford, GA

The 30518 zip code of Buford, GA has a median home value of $144,000. This is lower than the national median home value of $177,500. The 30518 zip code also has a lower than average home equity value of $87,000. This means that many homeowners in this area have less equity in their homes than average.

There are several factors that may contribute to the low home equity values in the 30518 zip code. One reason may be that there are a high number of homeowners who are underwater on their mortgages. This means that they owe more money on their homes than the property is worth. Another reason may be that there are a high number of homeowners who have taken out second mortgages or other types of loans to help them buy their homes. If these borrowers can't afford to pay back these loans, then their home equity will be reduced even further.

Despite the low home equity values in this area, it is still possible for homeowners to achieve some degree of financial stability by refinancing their mortgages or taking out new loans to improve their overall liquidity position. Additionally, it is important for homeowners to stay current on all of their mortgage payments and make sure that they do not fall behind on any other debts such as credit card bills or car loans. If these measures are taken, then it is likely that homeowner's will eventually see their home equity increase over time as prices in the area rise and they can sell their house at a higher price than when they first bought it