31606, Valdosta, GA

The 31606 zip code of Valdosta, GA has a population of just over 100,000 people and is located in the southeastern corner of the state. The median household income in this zip code is just over $40,000, which is significantly lower than the statewide median household income of just over $60,000. However, despite this lower income level, home prices in this zip code are much higher than the statewide average. As of February 2019, the median home price in this zip code was $189,900. This is more than double the statewide median home price of $96,500 and represents a significant premium over the local median income.

There are several reasons why home prices in this zip code are so high. First and foremost, Valdosta is a relatively affluent area and there is a large demand for homes here. Second, there are very few available homes for sale in this zip code and as such buyers have to compete for them aggressively. Finally, Valdosta has seen strong growth rates both economically and demographically over recent years which has led to an increase in demand for housing here.