71651, Jersey, AR

The 71651 zip code of Jersey, AR has a population of approximately 2,000 people. The median household income in the 71651 zip code is $42,500 and the median home value is $128,000. The percentage of homes that are owner-occupied is 68% and the percentage of homes that are renter-occupied is 32%.

The average home equity in the 71651 zip code is $72,000. The average home price has increased by 10% over the past year. In addition, there has been an increase in the number of homes that have been purchased using a mortgage (44%) as opposed to a cash purchase (36%). This indicates that there is more demand for housing in this area than there are available properties.

There are several factors contributing to the increase in home prices in the 71651 zip code. One reason may be that interest rates have remained low for an extended period of time which encourages people to borrow money to purchase a home. Another reason may be that there is strong demand for housing due to increasing wages and job opportunities. Finally, investors may be purchasing homes in this area because they believe it will continue to rise in value over time.