How much is a home worth in ZIP code 31906?

The typical home in 31906 is worth $132,265, based on the Zillow Home Value Index.

Are home values rising in 31906?

Home values in 31906 are down 3.2% over the past year, and up 4.9% a year over five years.

What is the typical rent in 31906?

A typical home in 31906 rents for about $987 a month, a gross rental yield of 9.0%.

What is the property tax rate in 31906?

The effective property tax rate in 31906 is 0.8% — roughly $1,052 a year on a typical home.

ZIP code 31906 has a population of 20,400 and a median household income of $44,965.

HousingHandbookReference data

…

U.S. ZIP Code · GA31906

Muscogee County · Columbus, GA-AL

Typical home value

$132,265^[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year: -3.2%
5-year / yr: +4.9%
10-year / yr: +6.0%

Relative price

vs U.S.: -53.4%
vs metro: -34.6%
vs state: -48.3%

Price history

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

The typical home in 31906 is worth $132,265 — 34.6% below the Columbus, GA-AL median. Over the past year, values have fallen 3.2%. Homes here rent for a typical $987 a month — a 9.0% gross rental yield. The effective property tax rate is 0.8%.

#Rent & investment

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

Monthly rent: $987^[2]
Gross yield: 9.0%^[2]
Cap rate: 5.4%^[2]

#Property tax

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

Effective tax rate: 0.8%^[3]
Typical annual tax: $1,052^[3]

#Climate risk

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

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

#Who lives here

Population: 20,400^[3]
Median household income: $44,965^[3]

#Migration

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

Net migration: -184^[5]
Moved in: 6,677
Moved out: 6,861

Schools

Open public schools in this ZIP, from the NCES Common Core of Data.

Public schools: 10
Elementary: 5
Middle: 1
High: 4

Columbus High School
High · Grades 9–12 · Muscogee County
1,131 students
Hardaway High School
High · Grades 9–12 · Muscogee County
1,097 students
Carver High School
High · Grades 9–12 · Muscogee County
903 students
Richards Middle School
Middle · Grades 6–8 · Muscogee County
809 students
Clubview Elementary School
Elementary · Grades PK–5 · Muscogee County
579 students

Run the numbers

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

Home value$Monthly rent$

Gross yield9.0%

Net yield (after ~40% expenses)5.4%

Annual rent$11,848

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.

Home price$Down payment%Interest rate%Loan termyears

Monthly payment$669

Loan principal$105,812

Down payment$26,453

Total interest paid$134,958

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.

Home price$Monthly rent$Down payment%Mortgage rate%Property tax rate% / yrMaintenance% / yrRule of thumb: 1% of home value per year.

Own : rent ratio0.88

Monthly cost to own$867

Monthly rent$987

Owning is meaningfully cheaper month-to-month.

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: 32nd percentile^[1]
Rental yield: 63rd percentile^[2]
Property tax: 53rd percentile^[3]

Frequently asked

How much is a home worth in ZIP code 31906?: The typical home in 31906 is worth $132,265, based on the Zillow Home Value Index.
Are home values rising in 31906?: Home values in 31906 are down 3.2% over the past year, and up 4.9% a year over five years.
What is the typical rent in 31906?: A typical home in 31906 rents for about $987 a month, a gross rental yield of 9.0%.
What is the property tax rate in 31906?: The effective property tax rate in 31906 is 0.8% — roughly $1,052 a year on a typical home.
Who lives in 31906?: ZIP code 31906 has a population of 20,400 and a median household income of $44,965.

#Comparable ZIPs

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

31827 vs 31906 →
Talbotton, GA
Typical home
$141,201
Gross yield
—
31805 vs 31906 →
Cusseta-Chattahoochee County, GA
Typical home
$142,588
Gross yield
—
36860
Hurtsboro, AL
Typical home
$113,281
Gross yield
—
31901
Columbus, GA
Typical home
$156,148
Gross yield
7.7%
31907
Columbus, GA
Typical home
$161,276
Gross yield
8.8%
31812
Junction City, GA
Typical home
$164,579
Gross yield
—

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#Jump to section

U.S. ZIP Code · GA31906

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