30627, Carlton, GA

The 30627 zip code of Carlton, GA has a median home value of $128,200. This is higher than the Georgia state median home value of $122,600. The zip code also has a high percentage of homeowners with equity in their homes. In the 30627 zip code, 68% of homeowners have equity in their homes. This is higher than the Georgia state average of 60%.

There are several factors that contribute to the high percentage of homeowners with equity in their homes in the 30627 zip code. One reason is that this area has a low rate of foreclosure activity. In Carlton, GA there were only 4 foreclosure filings during 2016 which is lower than the Georgia state average of 10 per 100,000 residents. Additionally, Carlton has a low unemployment rate which contributes to increased demand for housing and drives up prices. The average unemployment rate in Carlton is 2%, which is lower than the Georgia state average unemployment rate of 3%.

Despite these positive factors, there are some challenges that face homeowners in the 30627 zip code. One challenge is that interest rates are currently at historic lows which makes it difficult for people to afford a mortgage and purchase a home. Additionally, there are limited options for people who want to buy a home outside of Carlton due to its high cost relative to other areas in metro Atlanta.