ZIP Code · GA

ZIP 31602

Part of Valdosta, GA

Pop. 35,728·Lowndes County·221st most expensive ZIP in Georgia

Median rent (all units)

$1,212/mo

Year-over-Year

+4.9%

Month-over-Month

+0.4%

vs US Median

-$720

Reported rents

Stable (Monthly)

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Most AffordableMost Expensive

ZIP 31602 · $1,212

More affordable than 91% of US ZIP codes · National median $1,932/mo

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Compare your rent to the local median.

Medians by bedroom

Rent by unit size

Studio

$1,010

1 BR

$1,010

2 BR

$1,310

3 BR

$1,740

4 BR+

$2,100

Research median

$1,310/mo

Bedroom estimates are gross rents that include essential utilities (electricity, water, gas, sewer, trash).

Rent trends

12-month history

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Last updated: October 17, 2026

From the history

What the numbers show

Compared with the peak

Rent in ZIP 31602 is at its highest level since Zillow's records here began in March 2022.

Past year vs. the rest of Georgia

Rent in ZIP 31602 changed +4.9% over the year to September 2026. Across the 216 Georgia ZIP codes Zillow tracks, the typical change was +2.4%.

Recent direction

Rent has risen 4 months in a row, and rose in 9 of the last 12 months.

What a typical income covers

30% of the median household income ($56,939) is $1,423 a month. That covers HUD's Fair Market Rent for up to a 2-bedroom ($1,310); a 3-bedroom is $1,740.

Rank in Valdosta

2nd cheapest of 3 ZIP codes in Valdosta.

From Zillow's monthly rent index (ZORI) for ZIP 31602. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.

Annual cost

$14,544/yr

At $1,212/mo median

Location

CityValdosta

StateGA

CountyLowndes County

Rent Market Meter

Landlord's Market

Renter's MarketBalancedLandlord's Market

Rents are climbing (4.9% YoY), so leverage tilts toward landlords. Act sooner rather than later.

Based on rent-price momentum (+4.9% YoY, +0.4% MoM), not inventory.

Demographics

Who lives here

ZIP 31602 (Valdosta, GA) is majority renter-occupied, skews toward younger working-age adults, has a median income below the national average, 32.1% of residents hold a bachelor's degree or higher.

Population

35,728

Median income

$56,939

Median age

30.6

Renters

56.4%

Age distribution

23.5%

33.3%

21.9%

13.9%

Under 1823.5%

18–3433.3%

35–5421.9%

55–647.4%

65+13.9%

Gender

48%

52%

Male48%

Female52%

Race & ethnicity

48.3%

41.5%

White48.3%

Black41.5%

Hispanic6.8%

Asian2%

Other1.4%

Education (25+)

30%

28.4%

32.1%

No HS diploma9.5%

HS diploma30%

Some college28.4%

Bachelor's+32.1%

Housing tenure

43.6%

56.4%

Owner43.6%

Renter56.4%

Source: U.S. Census Bureau · ACS 2024 5-Year Estimates

2022 vs 2026

How ZIP 31602 in Valdosta, GA has changed in 5 years

Rent

$1,011 → $1,212

up 19.9%

Income

$47,821 → $56,939

up 19.1%

Population

35,837 → 35,728

down 0.3%

Renter share

56.3% → 56.4%

+0.1 pts

Bachelor's+

32.7% → 32.1%

-0.6 pts

Median age

28.5 → 30.6

+2.1 yrs

Since 2022, the typical rent in ZIP 31602 in Valdosta, GA has climbed from $1,011 to $1,212, a 19.9% change over five years. Local incomes tracked alongside that move, going from a median of $47,821 in 2021 to $56,939 more recently. These shifts give renters and would-be renters a longer baseline for sizing up today's listings against the ZIP 31602 in Valdosta, GA market of 2022.

Community

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Local insights

Tips for renters in ZIP 31602

About renting in ZIP 31602

Last updated: October 17, 2026

ZIP code 31602 covers Valdosta, GA. The median rent here is $1,212/mo as of October 2026. A 1-bedroom rents for a median of $1,010/mo. A 2-bedroom rents for a median of $1,310/mo.

At 26% of local median household income ($56,939/yr), ZIP 31602 ranks as affordable compared to the national benchmark of 30%. Rents have increased 4.9% over the past year.

FAQ

Frequently asked questions

How much income do you need to rent in ZIP 31602?

To keep rent at or below 30% of gross income, you would need to earn at least $48,000/year (about $23/hour full-time) to afford the median rent of $1,212/mo in ZIP 31602. The local median household income is $56,939/yr, so the typical household meets that bar.

Is rent going up or down in ZIP 31602?

Rent in ZIP 31602 has risen 4.9% over the past year as of September 2026. That is the highest level since Zillow's records here began in March 2022.

How does ZIP 31602 compare to other ZIPs in Georgia?

ZIP 31602 is one of the more affordable among Georgia ZIP codes for rent, ranking #221 of 234 at $1,212/mo. Over the year to September 2026, rent in ZIP 31602 changed +4.9%, against a typical +2.4% across the 216 Georgia ZIP codes Zillow tracks.