Home Values

31602 Home Prices & Values

Zillow Home Value Index

The Zillow Home Value Index is the median Zestimate valuation for a given geographic area on a given day. Learn more

$123,300

  • -3.6% 1-year change
  • 2.1% 1-year forecast

The median home value in 31602 is $123,300. 31602 home values have declined -3.6% over the past year and Zillow predicts they will rise 2.1% within the next year. The median list price per square foot in 31602 is None. The median rent price in 31602 is $795, which is lower than the Valdosta median of $825.

With U.S. home values having fallen by more than 20% nationally from their peak in 2007 until their trough in late 2011, many homeowners are now underwater on their mortgages, meaning they owe more than their home is worth. The percent of 31602 homeowners underwater on their mortgage is 26.1%, which is lower than Valdosta at 28.8%.

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Relative ZHVI
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31602 Market Overview

Data through May 31, 2015
  • $123,300 ZHVI
  • 2.1% 1-yr forecast
    The Zillow Home Value Forecast is Zillow's prediction of what the Zillow Home Value Index will be one year from now. Learn more
    (May 31, 2016)
  • No data Median listing price
  • $118,353 Median sale price (Apr 30, 2015)
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31602 Market Health

Data through May 31, 2015
  • No recent data
  • No data Average days on Zillow
  • 26.1% Homes with negative equity (15.4% US Avg) (Sep 30, 2014)
  • No data Delinquent on mortgage (6.0% US Avg)
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Nearby Zip Codes

Name Median ZHVI
31632 $157,100
31636 $137,800
31605 $137,400
Name Median ZHVI
31606 $127,300
31601 $72,800
 

Listings & Sales

Data through Apr 30, 2015
  • No recent data Median list price / sq ft
  • $67 Median sale price / sq ft
  • No data Listings with price cut
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31602 Rentals

Data through May 31, 2015
  • Zillow Rent Index

  • $1,013 31602
    $977 Valdosta
    $1,367 United States

    The Zillow Rent Index is the median Rent Zestimate valuation for a given geographic area on a given day. Learn more

  • 2.1 Breakeven horizon
    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more
    (Dec 31, 2014)
  • $795 Rent list price
  • $0.58 Rent list price / sq ft
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