31318, Meldrim, GA

The 31318 zip code of Meldrim, GA is located in the northwest corner of the state and includes a population of just over 10,000. The median home value in this zip code is $120,000 and the average home equity loan amount is $111,000. Home prices have been on the rise in this area for several years now and are predicted to continue doing so for at least another five years.

There are a number of factors that contribute to the high home values in this zip code. First and foremost, there is a high demand for homes here due to its location within close proximity to both Atlanta and Chattanooga. Additionally, Meldrim has a strong economy with plenty of jobs available. Finally, many people who live in this area are able to afford large mortgages because of their strong incomes.

Despite these positive factors, there are some potential risks that could affect home prices in this area. For example, if there were any major economic downturns or if interest rates increased significantly from their current levels, then many people who currently own homes here might find it difficult to keep up with their mortgage payments. Additionally, although Meldrim has a relatively low crime rate overall, there may be areas within the city where crime rates are higher than average which could lead to an increase in home burglaries or robberies.