31905, Fort Benning, GA

The 31905 zip code of Fort Benning, GA is located in the southeastern portion of the state and includes a population of approximately 21,000. Home prices in this zip code have increased by an average of 9.4% over the past year, which is above the statewide average of 7.5%. In addition, home equity values in this zip code have increased by an average of 18.3% over the past year, which is above the statewide average of 14.8%.

One reason for this increase in home prices and home equity values may be due to Fort Benning's recent growth as a military base. The installation has been expanding rapidly and new housing developments are being built to accommodate the influx of soldiers and their families. Additionally, many retired military personnel are moving to Fort Benning to enjoy its close proximity to Atlanta and its many amenities. These factors have contributed to a strong demand for homes in this zip code and an increase in prices accordingly.

Despite these positive trends, there are some potential risks that could affect home prices and home equity values in this zip code over time. For example, if more troops are discharged from Fort Benning or if budget cuts lead to reductions in military spending, then demand for housing could decrease and prices could decline accordingly. Another potential risk is that interest rates might rise significantly from their current low levels, which would make it more difficult for people who want to borrow money against their homes to do so. However, overall it appears that market conditions are supportive of continued increases in home prices and home equity values in the 31905 zip code of Fort Benning