30906, Augusta, GA

Augusta, Georgia is a city located in the 30906 zip code. According to the 2010 census, the 30906 zip code has a population of 79,821. The median household income in the 30906 zip code is $85,935. Home prices in the 30906 zip code have increased significantly over the past several years. In January of 2006, the median home price was $129,900. As of January of 2016, the median home price in Augusta was $269,000. This represents an increase of 116% over a ten-year period.

One factor contributing to this increase in home prices is that Augusta has experienced strong economic growth over the past several years. The city's unemployment rate has consistently been below 3%, which has contributed to increased demand for housing and consequently increased home prices. Additionally, Augusta is located within a desirable area with plenty of amenities and opportunities for employment and recreation.

While there are many factors contributing to increases in home prices within the 30906 zip code, one important factor is access to capital - specifically available equity capital - which allows homeowners to purchase homes at higher values than would be possible without access to such funds. In addition, low interest rates have also helped drive up home values by making it more affordable for buyers to purchase homes outright rather than relying on financing options that may have been available previously.