Zip 31551 (Mershon, GA) Housing

The housing market in 31551 Mershon, GA is currently booming. The median value of a home here currently stands at $157,100, which is significantly lower than the US median of $338,100. While in the past year the US house appreciation rate was 8.27%, here in 31551 Mershon that rate has skyrocketed to 14.29%. This significant change indicates that this area is becoming increasingly desirable and could be a great investment opportunity for those looking to buy a house.

The median home cost in Mershon (zip 31551) is $157,100. Home appreciation the last 10 years has been 89.3%. Home Appreciation in Mershon (zip 31551) is up 21.0%.

Average Age of Homes

- The median age of Mershon (zip 31551) real estate is 29 years old

The Rental Market in Mershon (zip 31551)

- Renters make up 35.0% of the Mershon (zip 31551) population
- 0.0% of houses and apartments in Mershon (zip 31551), 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.

Median Monthly Rent by Number of Bedrooms

Housing by Year Built

Housing	Mershon, Georgia	United States
	493.0	139,647,020.0
	38	42
	$157,100	$338,100
	21.0%	16.6%
	55.3%	57.0%
	89.3%	101.1%
	$10.28	$10.98
	$1,227	$2,690
	61.5%	57.4%
	28.2%	11.2%
	10.3%	31.4%
Vacant Housing
	0.0%	1.9%
	0.0%	0.4%
	3.7%	0.7%
	0.0%	0.4%
	2.2%	3.6%
	22.3%	4.1%
Value of Owner-Occupied Housing
	1.7%	2.6%
	7.9%	2.4%
	17.2%	2.8%
	11.9%	3.9%
	2.0%	4.5%
	8.9%	11.3%
	21.5%	13.0%
	23.4%	20.1%
	5.6%	13.6%
	0.0%	8.3%
	0.0%	9.7%
	0.0%	3.9%
	0.0%	2.2%
	0.0%	0.8%
	0.0%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	19.3%	13.6%
	19.3%	13.6%
	9.1%	13.6%
	20.7%	13.2%
	23.5%	14.8%
	9.1%	13.6%
	0.0%	10.0%
	8.3%	4.7%
	5.9%	12.2%

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