30106, Austell, GA

The 30106 zip code of Austell, Georgia has a median home value of $174,500. This is significantly lower than the national median home value of $217,500. The 30106 zip code also has a low homeownership rate at just 36%. This is in contrast to the national homeownership rate of 63%. There are several reasons for this discrepancy. One reason may be that Austell is a relatively new community and there are not as many homes for sale as there are in more established communities. Additionally, many people in Austell may be renters rather than homeowners because of the low homeownership rate.

Despite these factors, the 30106 zip code still experiences significant fluctuations in home values due to market conditions. In particular, prices tend to rise and fall significantly during periods of economic recession and recovery. For example, during the Great Recession (2008-2009), home values decreased by 27% while during the current economic recovery (2010-2015), prices have increased by 17%. It is important to note that even after accounting for these fluctuations, the median home value in the 30106 zip code remains much lower than the national median home value. This suggests that there may still be opportunities for buyers who are looking for affordable homes in a desirable area.