31721, Albany, GA

The 31721 zip code of Albany, GA has a population of around 116,000 and is located in the southeast corner of the state. The median household income in this zip code is $51,917 and the median home value is $142,000. Home equity in this zip code is very high compared to other zip codes in Georgia. In fact, according to Zillow’s 2018 Home Value Report, home equity in this zip code is more than three times the national average.

There are several reasons why home equity in the 31721 zip code of Albany, GA is so high. First, Albany has a low unemployment rate and a strong economy. Second, there are a lot of affluent residents living in this area who can afford to buy homes and invest in their home equity. Third, Albany has a low crime rate which makes it a safe place to live and invest money in your home. Fourth, the cost of living is relatively low compared to other areas of Georgia. Finally, many homeowners here have taken advantage of favorable interest rates over the past few years and have been able to increase their home equity significantly.