West Helena is a city in the state of arkansas with a population of roughly 7,904. It is in Phillips County, Arkansas the Helena-West Helena, AR core-based statistical areas (CBSA), Its Zip codes include 72390 .
West Helena is a small town in Arkansas that has seen its share of economic growth over the years. The town was founded in 1872 and originally served as a stop on the railroad. Today, West Helena is home to just over 2,000 residents and boasts a population density of only six people per square mile. The town's primary industry is agriculture, but it has also seen significant growth in the real estate market over the past few years.
According to the West Helena Chamber of Commerce, there were 1,827 housing units in West Helena as of 2016. This represents an increase of more than 50% since 2010 and indicates that there is strong demand for residential property in West Helena. In addition, the median sale price for housing units in West Helena was $119,500 as of 2016. This indicates that real estate prices are high relative to average incomes in West Helena.
One reason why real estate prices are high in West Helena is because there are limited options for housing development within the town limits. As a result, developers have had to focus on developing new properties rather than expanding existing stock. In addition, many potential homebuyers are attracted to West Helena due to its rural setting and low crime rates.
Despite these positive factors, some potential homebuyers may be hesitant to invest money into purchasing property in West Helena due to concerns about long-term stability or economic prospects. However, given the strong demand for residential property and recent growth trends, it seems likely that prices will continue to rise over time unless something dramatic changes (e.g., a major recession).