31064, Monticello, GA

The 31064 zip code of Monticello, GA is located in the southeastern part of the state and includes a population of approximately 8,000. The median home value in this zip code is $101,000 and the median household income is $60,000. Approximately 60% of households in this zip code own their homes while the remaining 40% are renters.

Home equity is an important factor for many homeowners in the 31064 zip code. According to Zillow’s 2018 Home Value Report, home values have increased by 5.4% over the past year which means that homeowners have regained some of the equity that they lost during the housing market crash of 2008-2009. In addition, according to Trulia’s 2019 Home Values report, home values have increased by an average of 6.5% over the past three years which indicates that there is still plenty of opportunity for homeowners to increase their home equity through wise investment decisions and hard work.

While home prices are increasing rapidly in many parts of Georgia, Monticello has seen particularly high growth rates due to its strong economy and low unemployment rate. As a result, many people who live in this area are able to afford homes that are much larger than those found elsewhere in Georgia or even within other parts of metropolitan Atlanta. This abundance of affordable housing has helped to keep prices relatively stable compared to other areas throughout metro Atlanta where prices have skyrocketed over recent years.