The housing situation in 31549 Lumber City, GA is very favorable. The median value of a house in this area is $72,700 which is much lower than the median value of houses in the US as a whole at $338,100. In addition, the appreciation rate for housing in 31549 Lumber City, GA last year was 14.29%, nearly double the 8.27% appreciation rate for US housing. This makes it an ideal place to purchase a home as there are cheaper prices and higher potential returns on investments.
The median home cost in Lumber City (zip 31549) is $72,700. Home appreciation the last 10 years has been 89.3%. Home Appreciation in Lumber City (zip 31549) is up 21.0%.
Average Age of Homes
- The median age of Lumber City (zip 31549) real estate is 43 years old
The Rental Market in Lumber City (zip 31549)
- Renters make up 31.3% of the Lumber City (zip 31549) population
- 2.4% of houses and apartments in Lumber City (zip 31549), 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.