The housing market in Valdosta, GA (zip code 31605) is currently doing very well. The median value of a home in this area is $225,900, which is significantly lower than the US national median of $338,100. On top of that, the appreciation rate over the past year was 19.62%, compared to the US national average of 8.27%. This indicates that buying a home in Valdosta may be a wise investment for those looking to purchase property in near future. Additionally, since the median value is significantly lower than the US national median, it provides an excellent opportunity for first-time buyers to get into the housing market for a relatively affordable price.
The median home cost in Valdosta (zip 31605) is $225,900. Home appreciation the last 10 years has been 53.3%. Home Appreciation in Valdosta (zip 31605) is up 14.1%.
Average Age of Homes
- The median age of Valdosta (zip 31605) real estate is 21 years old
The Rental Market in Valdosta (zip 31605)
- Renters make up 36.6% of the Valdosta (zip 31605) population
- 3.3% of houses and apartments in Valdosta (zip 31605), are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.