31501, Waycross, GA

The 31501 zip code of Waycross, GA has a population of around 36,000 people. The median household income in this zip code is $53,000, and the median home value is $128,000. This means that the home equity in this area is relatively high compared to other areas of the country.

One reason for this may be that Waycross is a relatively affluent area. It has a higher median household income than many other areas of the country, and it also has a high home value. This means that there are more people who can afford to borrow against their homes equity and use the money to buy things like cars or furniture.

Another reason for the high home equity in this area may be the low interest rates currently being offered on mortgages. Many people are able to get mortgages with low interest rates because they have enough equity in their homes. If interest rates rise later on, these borrowers will likely have to pay more in interest payments than if they had taken out a loan with a higher interest rate at earlier points in their lives.