30655, Monroe, GA

The 30655 zip code of Monroe, GA is located in the southeast corner of the state and has a population of just over 36,000. The median household income in this zip code is just under $50,000 and the homeownership rate is just over 73%. Home values in this zip code have been increasing steadily for the past several years, reaching a peak of almost $200,000 in 2016. However, since then they have begun to decline slightly and are currently around $185,000.

One reason that home values have been increasing steadily in this zip code is that there are a lot of families who are able to afford to buy homes here. The homeownership rate is high because there are many families who own their homes outright or who have mortgages that are relatively low-interest rates. Additionally, Monroe has been experiencing strong economic growth over the past few years which has led to an increase in jobs and incomes. This has helped to increase demand for housing and drive up prices.

Another factor contributing to the increase in home values in this zip code is that there are a lot of new homes being built here. This is due both to recent economic growth and increased demand from buyers who want to live close to good schools and other amenities. As a result, there is always plenty of new housing available for sale which helps keep prices high.

However, despite these positive factors, home values have begun to decline recently due mainly to concerns about the economy overall and rising interest rates on mortgages. In addition, some buyers may be waiting for more affordable options before making an investment in property here. Nevertheless, overall prices remain quite high compared with other parts of Georgia or nationwide