HousingHandbookReference data

U.S. ZIP Code · GA31606

Lowndes County · Valdosta, GA

Typical home value

$230,637[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year
-0.2%
5-year / yr
+6.2%
10-year / yr
+6.0%

Relative price

vs U.S.
-18.8%
vs metro
+10.3%
vs state
-9.8%
ZIP 31606 location in GA
Location of ZIP 31606 in GA

Price history

Zillow Home Value Index — monthly, smoothed and seasonally adjusted.

The typical home in 31606 is worth $230,637 — 10.3% above the Valdosta, GA median. Over the past year, values have fallen 0.2%. The effective property tax rate is 0.2%.

#Rent & investment

Typical asking rent, and the returns it implies at the current home value.

Monthly rent
[2]
Gross yield
[2]
Cap rate
[2]

#Property tax

Effective rate — total real estate taxes paid relative to total home value.

Effective tax rate
0.2%[3]
Typical annual tax
$563[3]

#Climate risk

FEMA National Risk Index ratings for Lowndes County. "Not Applicable" means the hazard does not threaten the county.

Overall risk
Relatively Low[4]
Riverine flood
Relatively Low
Coastal flood
Not Applicable
Wildfire
Relatively Low
Drought
Relatively Low
Heat wave
Relatively Low
Hurricane
Relatively Moderate
Tornado
Relatively Moderate
Earthquake
Relatively Low
Winter weather
Relatively Low

#Who lives here

Population
3,734[3]
Median household income
$50,303[3]

#Migration

Household moves in and out of Lowndes County over a year, from IRS tax-return data.

Net migration
+111[5]
Moved in
3,987
Moved out
3,876

Run the numbers

Interactive calculators pre-filled with this ZIP's typical home value, rent, and property-tax rate. Edit any field to recompute.

Gross yield
Net yield (after ~40% expenses)
Annual rent

Gross and net yield are estimates based on the inputs and the selected expense ratio. Actual income and expenses will vary by property and market. Not investment advice.

Monthly payment$1,166
Loan principal$184,510
Down payment$46,127
Total interest paid$235,332

Estimated monthly payments include principal and interest only. Actual costs will include property tax, insurance, possibly PMI, and HOA fees not modeled here. Loan terms shown are estimates; consult a licensed lender for current rates and qualification.

Own : rent ratio
Monthly cost to own$1,405
Monthly rent

This calculator projects multi-year scenarios based on assumptions about appreciation, rent growth, and investment returns — none of which are guaranteed. Actual outcomes depend on variables this tool cannot know. Not financial or real estate advice.

#Metro ranking

Where this ZIP sits among others in its metro area.

Appreciation
46th percentile[1]
Rental yield
[2]
Property tax
0th percentile[3]

Rankings

Top-10 lists this ZIP code appears on.

Frequently asked

How much is a home worth in ZIP code 31606?
The typical home in 31606 is worth $230,637, based on the Zillow Home Value Index.
Are home values rising in 31606?
Home values in 31606 are down 0.2% over the past year, and up 6.2% a year over five years.
What is the property tax rate in 31606?
The effective property tax rate in 31606 is 0.2% — roughly $563 a year on a typical home.
Who lives in 31606?
ZIP code 31606 has a population of 3,734 and a median household income of $50,303.

#Comparable ZIPs

Same metro, nearest typical home value. Each card shows the comparable ZIP's headline numbers so you can scan at a glance.

  • Dixie CDP, GA

    Typical home
    $222,741
    Gross yield
  • Valdosta, GA

    Typical home
    $209,380
    Gross yield
    7.3%
  • Lakeland, GA

    Typical home
    $208,646
    Gross yield
    9.5%
  • Naylor CDP, GA

    Typical home
    $254,807
    Gross yield
  • Bemiss CDP, GA

    Typical home
    $257,103
    Gross yield
    7.5%
  • Echols County, GA

    Typical home
    $263,050
    Gross yield

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