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ZIP 31603 — 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 31603

Median Home Value
$74,000
Median Rent
$661
Affordability Snapshot
$20,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$475/mo PITI).

30%
Rent-to-Income Ratio

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

2.8x
Home Price-to-Income Ratio

Below 3x — relatively affordable housing market.

9.3 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 31603, a household would need roughly $20,000 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 $475. That sits below the local median household income ($26,129), suggesting the typical household income is closer to a workable buy-in level under these assumptions. Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Vacancy rate 21% — check local market conditions.

Heating Fuel
Housing Metrics
Owner Occupied
33.6%-49% vs US avg
x
Vacancy Rate
21.5%+108% vs US avg
x
Broadband Access
74.4%-14% vs US avg
x
4+ Bedrooms
1.1%-93% vs US avg
x
Built Pre-1939
7.4%-43% vs US avg
x
Built Post-2014
0.0%
x
Rent Burden >30%
19.6%-61% vs US avg
x
Mortgage-Free
68.0%+78% vs US avg
x
$74,000
Home Value
$661
Rent
1963
Year Built
2017
Moved In

Residents have lived here since ~2017 on average

Housing Structure

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

  • 1-unit detached67.3%
  • 1-unit attached1.4%
  • 2-9 units19.9%
  • 10+ units11.5%
  • Mobile home & other0.0%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$74,000
Median rent$661
Owner-occupied33.6%
Vacant21.5%
Price-to-income2.8x
Est. income to buy$20,000