71742, Fordyce, AR

The Fordyce, AR 71742 zip code has a median home value of $101,000 and a median home equity of $50,000. This is lower than the Arkansas median home value of $130,000 and the national median home equity of $106,200. The Fordyce zip code also has a lower than average homeownership rate at just 55%. This is likely due to the low median home value and high unemployment rate in this area.

Despite these challenges, there are some positive trends in the Fordyce zip code when it comes to home values and homeownership rates. Over the past five years, both values have increased by 6%. Additionally, over the past year homeownership rates have increased by 1%. These modest gains may be due to increasing demand for housing in this area or an improvement in economic conditions. However, it is still important to keep in mind that these numbers are still below average for both Arkansas and the nation as a whole.

When it comes to buying a house in Fordyce, AR you should be aware that there are several factors that can impact your decision. These include: local market conditions; your budget; your desired location; and your preferred type of housing (single family vs multi-family). You should also consider whether you want to live close to work or school or if you want more space. Finally, you should research different types of mortgages available in order to find one that fits your needs and budget.