31030, Fort Valley, GA

The 31030 zip code of Fort Valley, GA has a median home value of $106,000. This is lower than the Georgia statewide median home value of $177,500. The 31030 zip code also has a lower home equity percentage than the state as a whole. The percentage of homeowners in the 31030 zip code who have more than 80% of their homes' value in their homes' equity is only 55%. This is much lower than the statewide percentage of homeowners who have more than 80% equity in their homes (77%).

There are several factors that may contribute to this difference. One possibility is that there are fewer wealthy households in the 31030 zip code compared to other parts of Georgia. Another possibility is that there are more underwater homeowners in the 31030 zip code relative to other parts of Georgia. Underwater homeowners are those who owe more on their mortgages than their homes' current market values.

Despite these differences, it's worth noting that Fort Valley, GA does have a higher rate of home ownership (72%) than the state as a whole (63%). This suggests that even if some residents in the 31030 zip code don't have as much equity in their homes as others, they're still likely to be homeowners overall.