31602, Valdosta, GA

The 31602 zip code of Valdosta, GA is home to a population of around 73,000 people. The median household income in this zip code is $41,000, and the median home value is $128,500. This means that the home equity in this area is relatively high compared to other areas of the country.

One reason for this high level of home equity may be the low rate of unemployment in this area. In 2016, the unemployment rate in Valdosta was only 3.5%, which is much lower than the national average of 5%. This low unemployment rate may lead to more people being able to afford to buy homes and invest in their homes equity.

Another factor that may contribute to the high level of home equity in this area is the relatively low cost of living. The cost of housing in Valdosta is about half what it is nationally, which may make it more affordable for people to invest in their homes. Additionally, there are a number of amenities available in Valdosta that are not available elsewhere at such a low cost. These amenities include excellent schools and hospitals, as well as a strong economy with few job losses over recent years.