31211, Macon, GA

The 31211 zip code of Macon, GA has a median home value of $122,000. This is a decrease from the previous year when the median home value was $128,000. The average home size in this zip code is 2,500 square feet. There are a total of 1,868 homes in this zip code. The majority of these homes were built in the 1990s and 2000s.

There has been an increase in home equity for homeowners in this zip code. In 2016, 66% of homeowners had at least 50% equity in their homes. This is an increase from the previous year when 54% of homeowners had at least 50% equity in their homes. Homeowners who have less than 50% equity are more likely to be underwater on their mortgages and have to take out additional loans to cover their mortgage payments.

Home prices have decreased over the past few years due to a combination of factors including low interest rates and increasing supply within the market. The National Association of Realtors predicts that prices will continue to decline over the next few years as more people enter into foreclosure or decide not to buy a house because they can't afford it.