Housing Insights for ZIP Code 31787 (Smithville, GA)

Housing Summary for ZIP Code 31787

Homeowners

The median home value in ZIP Code 31787 (Smithville, GA) is $94,400. Approximately 67.5% of homes in this region are owner-occupied units, and the estimated homeowner vacancy rate is currently 0.0%.

The average occupancy of owner-occupied units in ZIP Code 31787 is 2.42 occupants, while owner-occupied units have an aggregate average size of 2.98 bedrooms per housing unit.

Renters

In the 31787 ZIP Code, an estimated 32.5% of all housing units are occupied by renters. This ZIP-defined region has is an estimated rental vacany rate of 11.9%.

Among renter-occupied units in this ZIP, the average occupancy is 1.96 occupants, while renters in this Lee County region spend an average of 0% of their income on housing rental costs.

Housing Stats for ZIP Code 31787

See the table below for a regional snapshot of data related to both owner-occupied housing and rentals in ZIP Code 31787.

ZIP 31787 Georgia U.S.
Median Home Value $94,400 $339,288 $356,002
Owner-Occupied Housing Units 67.5% 63.3% 64.0%
Homeowner Vacancy Rate 0.0% 1.9% 1.6%
Average Size of Owner-Occupied Unit 2.42 2.75 2.70
Average # of Bedrooms Per Unit 2.98 2.99 2.75
Median Housing Rent $0 $1,006 $1,062
Renter-Occupied Housing Units 32.5% 36.7% 36.0%
Rental Vacancy Rate 11.9% 6.8% 6.0%
Average Size of Renter-Occupied Unit 1.96 2.61 2.49
Percent of Income Spent on Rent 0% 29.63% 29.83%

Home Values in ZIP Code 31787 (Smithville, GA)

The median home value in ZIP Code 31787 is $94,400. That median value is about 46% lower than the median home value of $176,000 in Georgia overall, and is 57% lower than the $217,500 the median home value in the entire U.S. An estimated 41.1% of homes in ZIP Code 31787 are valued $50,000 to $99,999. That is 178% higher than in the state of Georgia, in which 14.8% of homes are valued at $50,000 to $99,999, and is about 243% higher than in the U.S. overall (12.0% of homes valued at $50,000 to $99,999). The home value range that the smallest portion of ZIP Code 31787 homes fall into is $1,000,000 or more (0.0% of homes).

Home Values in ZIP Code 31787

This chart visualizes the breakdown of home values in ZIP Code 31787, Georgia, and also in the U.S. overall.

A bar chart visualizing the breakdown of home values in ZIP Code 31787 vs. home values in both the state of Georgia and in the U.S. overall.

Home Values in ZIP Code 31787

See the table below for a regional comparison of home values in ZIP Code 31787.

Home Value ZIP 31787 Georgia U.S.
Less than $50,000 15.9% 8.2% 6.9%
$50,000 to $99,999 41.1% 14.8% 12.0%
$100,000 to $149,999 11.4% 16.5% 13.3%
$150,000 to $199,999 16.9% 17.3% 14.0%
$200,000 to $299,999 3.6% 19.6% 19.6%
$300,000 to $499,999 11.1% 15.7% 19.3%
$500,000 to $999,999 0.0% 6.7% 11.4%
$1,000,000 or more 0.0% 1.3% 3.4%

Home Ages in ZIP Code 31787 (Smithville, GA)

Approximately 22.0% of homes in this Smithville, GA region were built in 1980 to 1989. This amount of homes built in 1980 to 1989 in ZIP Code 31787 is about 31% higher than percentage of homes built in this time period in Georgia overall (16.8% of homes), and is 64% higher the percentage (13.4% of homes) in the U.S. as a whole. Additionally, an esimated 19.1% of local homes were built in 1990 to 1999. On the other end of the scale, just 0.0% of homes in this Lee County ZIP Code were built in 2010 to 2013 in ZIP Code 31787. In comparison, 2.8% of homes in Georgia overall were built in 2010 to 2013, while 2.7% of all U.S. homes were built in this time period.

Home Ages in ZIP Code 31787

A detailed regional comparison of home ages in ZIP Code 31787.

Year Built ZIP 31787 Georgia U.S.
2014 or later 2.4% 2.9% 2.5%
2010 to 2013 0.0% 2.8% 2.7%
2000 to 2009 18.4% 21.4% 14.0%
1990 to 1999 19.1% 20.8% 13.9%
1980 to 1989 22.0% 16.8% 13.4%
1970 to 1979 11.7% 13.8% 15.2%
1960 to 1969 4.0% 8.7% 10.6%
1950 to 1959 4.8% 6.0% 10.3%
1940 to 1949 6.2% 2.7% 4.9%
1939 or earlier 11.3% 4.2% 12.6%

Age of Homes in ZIP Code 31787

See the chart below for details on the age of homes in ZIP Code 31787, Georgia, and also in the U.S. overall. Data here refers to years that homes were built.

">

Housing FAQs for ZIP Code 31787

Frequently asked questions about housing in this Smithville, GA ZIP Code. Answers to questions about both owner-occupied housing and rental housing in 31787.

1

What is the average home value ZIP Code 31787?

The median home value in ZIP Code 31787 (Smithville, GA) is $94,400.
2

Are homes expensive in ZIP Code 31787?

The median home value in 31787 ($94,400) is an estimated 46% lower than the aggregate median value of $176,000 in Georgia, and is 57% lower than the $217,500 the median home value in the U.S. overall.
3

What are owner-occupied vacancy rates like in ZIP Code 31787?

The vacacy rate for owner-occupied housing in ZIP Code 31787 is 0.0%. This rate is 100% lower than the overall Georgia owner-occupied vacancy rate of 1.9%. Additionally, the 31787 vacancy rate is 100% lower than the entire U.S. vacancy rate of 1.6%.
4

Does ZIP Code 31787 have older homes or newer construction?

In ZIP Code 31787, about 22.0% of homes were built in 1980 to 1989. That time range includes the most home construction. Also, 19.1% of homes in the region were built in 1990 to 1999. In contrast, 0.0% of homes in 31787 were built in 2010 to 2013.
5

What is the housing breakdown in ZIP Code 31787? Are there more rentals or owner-occupied units?

There is more owner-occupied housing in 31787 than renter-occupied housing. Owner-occupied units make up 67.5% of housing, compared to 32.5% for renter-occupied units.
6

Are rental vacancy rates high in ZIP Code 31787?

The vacacy rate for rental units in ZIP Code 31787 is 11.9%. This rate is 75% higher than the overall Georgia vacancy rate of 6.8%. Additionally, the 31787 vacancy rate is 98% higher than the entire U.S. vacancy rate of 6.0%.