31328, Tybee Island, GA

The 31328 zip code of Tybee Island, GA has a median home value of $269,000. The home equity in this zip code is $128,000. This means that the average homeowner in this zip code has a net worth of $146,000. Home prices have increased by 10% since 2007 and are projected to increase by another 7% in 2020.

The main drivers of home prices are interest rates and supply and demand. Interest rates have been on the decline for many years now which has helped to drive up prices. Supply and demand is also affected by things like immigration levels and job growth. Over the past few years there has been an influx of new residents into the 31328 zip code which has caused housing prices to rise. Job growth in this area is also very strong which is helping to keep prices high.