31909, Columbus, GA

The 31909 zip code of Columbus, GA is located in the southeastern part of the state and has a population of approximately 116,000. The median household income in this zip code is $50,000, which is lower than the statewide median household income of $53,046. The homeownership rate in this zip code is 68%, which is lower than the statewide homeownership rate of 69%. There are a total of 43 homes for sale in this zip code and the average list price is $157,500. The median home value per square foot is $92 which is higher than the statewide average home value per square foot of $84. This indicates that homes in this zip code are more expensive than homes across Georgia.

Home equity plays an important role in people’s lives and can be used to finance other expenses or save for future goals. Home equity can also be used to purchase a home or refinance an existing mortgage. In order to understand how home equity affects home prices in Columbus, GA we need to look at both variables together.

As mentioned earlier, the homeownership rate in this zip code is 68%. This means that 68% of households in this zipcode own their homes outright or have a mortgage that does not require monthly payments. Therefore, it would stand to reason that when there are more homes for sale (43), and fewer buyers (68%), then prices would be higher due to increased demand (supply & demand). However, when we look at house prices on a county level we see that while they are higher here compared to other counties within Georgia they are not as high as some other states such as Florida or Texas where house prices can exceed $200K/SF . Additionally when looking at month-to-month changes over time we see that while there was an increase from January-March 2018 there was also an increase from December 2017 through January 2018 indicating that while there may be increased demand it does not always lead to increased prices – sometimes it takes time for things to move along smoothly!

Overall then while there may be some indication that increasing demand might lead to increased prices within certain areas within Columbus (due largely to limited supply) it seems like overall house values remain relatively stable given fluctuations over time and by comparing them against other areas within Georgia