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ZIP 31203
Housing & Real Estate

ZIP 31203 — Housing & Real Estate

Source: U.S. Census Bureau ACS 2019–2023 5-Year Estimates. Page data updated 2026-08-02.

Low Income Area

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 31203

Median Home Value

$78,800

Median Rent

$625

Affordability Snapshot

$22,000

Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$506/mo PITI).

34%

Rent-to-Income Ratio

Above the 30% affordability threshold — housing cost-burdened area.

3.6x

Home Price-to-Income Ratio

Within the typical 3-5x range for home affordability.

10.5 yrs

Price-to-Rent Ratio

Years to break even buying vs renting at median home value and rent.

To comfortably buy a median-priced home in ZIP 31203, a household would need roughly $22,000 in annual income under a 20% down, 30-year loan at 6.8% (illustrative), keeping housing costs near 28% of income. Estimated monthly PITI is about $506. That is roughly in line with the local median household income ($22,070). Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Vacancy rate 34% — check local market conditions.

Heating Fuel

Housing Metrics

Owner Occupied

38.4%-41% vs US avg

Vacancy Rate

34.0%+230% vs US avg

Broadband Access

79.6%-8% vs US avg

4+ Bedrooms

0.8%-95% vs US avg

Built Pre-1939

17.4%+36% vs US avg

Built Post-2014

0.0%

Rent Burden >30%

43.6%-12% vs US avg

Mortgage-Free

77.9%+104% vs US avg

$78,800

Home Value

$625

Rent

1951

Year Built

2015

Moved In

Residents have lived here since ~2015 on average

Housing Structure

Census ACS structure types (single-family, multi-unit, etc.).

1-unit detached80.1%
1-unit attached0.2%
2-9 units10.6%
10+ units9.2%
Mobile home & other0.0%

ZIP 31203 — Housing & Real Estate

Housing & Real Estate in ZIP Code 31203

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