31547, Kings Bay, GA

Home Equity and Home Prices in the 31547 Zip Code of Kings Bay, GA

The 31547 zip code of Kings Bay, GA has a median home value of $185,000. The average home value in this zip code is $171,000. This means that the median home value in this zip code is about 5% higher than the national median home value.

The percentage of homes in this zip code that are owned outright is about 63%. The percentage of homes that are owned with a mortgage is about 37%. This means that there is a significant amount of equity available for homeowners in this zip code.

The average price per square foot for homes in this zip code is $128. This means that homeowners can typically expect to pay about 1/3 less than the average price per square foot for homes in other parts of Georgia.

There are several factors that could contribute to the high values and equity availability in the 31547 zip code of Kings Bay, GA. These include:

-The relatively low number of vacant or foreclosed properties within this area

-The low rate of inflation over the past few years

-The strong economy overall