7415 Ga Highway 376

Property details·Lake Park, Lowndes County, Georgia·0242-022

2,400Sq ft
1.00Acres
1993Built
$450KLast sale

Location

Address

7415 Ga Highway 376

Lake Park, GA 31636

Lowndes County

Parcel ID

0242-022

Coordinates

30.703221, -83.135206

Building details

Square feet
2,400
Year built
1993

Land & lot

Lot size
1.00 acres
Land area
43,560 sq ft
Subdivision
Comm-Southeast
Neighborhood
Gm007
Zoning
C-C
Land use code
2018

Tax & assessment

CategoryAmount
Tax value$2,939.44
Market value$308,041
Assessed value$123,216
Building value$288,041
Land value$20,000

Values reflect public tax roll data as of the year shown.

County context

Lowndes County 2026 Insights

Valdosta's Backyard: The Real Estate Story of Lowndes County, Georgia

Lowndes County doesn't make national headlines, but it probably should. This south Georgia county — anchored by Valdosta, the self-styled "Azalea City" — sits at a crossroads that explains almost everything unusual in its data: a major state university, Moody Air Force Base, a sprawling I-75 corridor connecting Florida to Atlanta, and a poverty rate that stubbornly hovers above one-in-five residents. The result is a housing market that is, by most measures, genuinely affordable — and yet quietly squeezing thousands of its most vulnerable households.

A Housing Market That Defies the National Narrative

When the median home price nationwide has pushed past $320,000, Lowndes County sitting at $240,000 looks almost quaint. At $143 per square foot, buyers get real space — the average home clocks nearly 1,800 square feet — in a county where year-over-year appreciation is a measured 3.1%, not the feverish 10–15% swings that burned buyers in Florida metros just two hours south. This is a market with a floor near $77,000 and a ceiling around $420,000, which means first-time buyers aren't entirely priced out of the conversation.

The price-to-income ratio of roughly 4.3x sits just slightly above the national affordability benchmark of 4x — reasonable by 2020s standards — and homeownership at 56.1% holds close to the national norm. On paper, Lowndes looks like one of the last affordable counties within commuting distance of Georgia's sun belt growth zone.

Key Statistics

StatValueContext
Median Home Price$240,000vs. $320,000 national median — 25% more affordable
Rent Burden Rate46.4%far above the 30% threshold; nearly half of renters are stretched
Child Poverty Rate26.7%over 1 in 4 children — driven partly by the university's young, low-income population
Price-to-Income Ratio4.3xnear national benchmark, but masks severe renter stress

The Renter Problem Hiding Inside Affordable Numbers

Here's the tension: while ownership looks sustainable, renting does not. Nearly 44% of occupied housing in Lowndes is renter-occupied, and 46.4% of those renters are spending more than 30% of their income on housing — the standard definition of cost-burdened. More alarming, 21.9% face severe rent burden, meaning more than half their income goes to rent. With a median rent of just over $1,000, this isn't about sky-high rents — it's about incomes that simply haven't kept pace. The Gini coefficient of 0.488 signals one of the sharper income inequality gaps you'll find in a mid-sized Georgia county.

Valdosta State University and Moody AFB together create a transient, younger-skewing population (median age just 31.3) that inflates both the renter pool and the poverty statistics — roughly 30% of residents are enrolled in school at any given time. This structural reality suppresses income figures without reflecting the county's full economic picture.

What the Next Cycle Looks Like

With 1,098 sales in the past 12 months against a total inventory suggesting healthy but not overheated turnover, Lowndes County is moving at a steady pace. The 10.7% vacancy rate provides a buffer against price shocks. The limited English-speaking population of 18.2% — notable for a Georgia county this size — hints at a growing immigrant workforce drawn by agriculture and logistics along the I-75 corridor, a demographic shift that will increasingly shape housing demand in the years ahead.


FAQs

What makes Lowndes County, Georgia unique in the real estate market? Lowndes County offers one of south Georgia's most balanced housing markets: prices well below the national median, meaningful inventory across price tiers, and steady (not speculative) appreciation. Its identity is shaped by Valdosta State University and Moody Air Force Base, which generate consistent housing demand but also depress income averages — making raw affordability metrics look better than the lived renter experience actually is.

Is it a good time to buy a home in Lowndes County, GA? For buyers with stable income, the fundamentals are favorable — prices are reasonable, appreciation is steady at 3.1% annually, and the price-per-square-foot remains well below state and national averages. The caution is for anyone on the rental side first: rent burden in the county is severe, meaning building savings toward a down payment can be genuinely difficult even at moderate local rent levels.

Why is poverty high in Lowndes County despite relatively affordable housing? The county's poverty rate of 20.3% — and child poverty above 26% — reflects the structural realities of a university town and military community: large numbers of students, younger households, and service-sector workers who earn well below the national median income of $75,149. The housing market is priced for this reality, but income inequality remains one of the county's most pressing long-term challenges.

Local market context

Our database includes 4,811 properties in Lake Park.

With an average price of $273,338, Lake Park offers mid-range housing options.

With a price per square foot of just $138, this area offers excellent value for buyers.

Lake Park prices closely align with the Lowndes County average.

MetricLake ParkLowndes Countyvs County
Average Price$273,338$265,971+3%
Avg Sq Ft1,9791,970Same
Price/Sq Ft$138$135+2%
Properties4,81157,839-92%

Nearby properties

Other parcels within a few hundred meters of this one.

Frequently Asked Questions About Lake Park, GA Real Estate

What is the average home price in Lake Park, GA?

The average home price in Lake Park, GA is $273,338, based on analysis of 4,811 properties in our database.

How many properties are tracked in Lake Park, GA?

Our database includes 4,811 properties in Lake Park, GA, providing comprehensive market coverage.

What is the price per square foot in Lake Park, GA?

The average price per square foot in Lake Park, GA is $138. This is calculated from an average home price of $273,338 and average size of 1,979 square feet.

What is the average home size in Lake Park, GA?

Homes in Lake Park, GA average 1,979 square feet, with an average price of $273,338.

How does Lake Park, GA compare to other cities in Lowndes County?

Lake Park, GA is one of many cities in Lowndes County, GA with property data available. Browse other cities in the county to compare market conditions and pricing.

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