71822, Ashdown, AR

The 71822 zip code of Ashdown, AR has a median home value of $128,900. This is higher than the Arkansas median home value of $106,200. The 71822 zip code also has a lower than average unemployment rate of 3.9%. This suggests that there are more jobs in the area than people looking for them.

The main reason that the home values in the 71822 zip code are high is because there is a lot of demand for homes in this area. There are many families who want to live in Ashdown and they are willing to pay a high price for a home that they can call their own. Another reason why the home values are high is because there is not much competition for homes in this area. There are not many other families who want to live in Ashdown and so the prices will be higher than if there were more people living here.

One downside to having high home values is that it can be difficult to get a mortgage if you do not have good credit history. If you want to buy a house in the 71822 zip code you will likely need at least a five-year fixed-rate mortgage with an 80% down payment. This means that you will need to have enough money saved up so that you can afford to pay off your mortgage plus interest and fees over time.

Overall, it seems like homeownership rates in the 71822 zip code are high because there is strong demand for homes and few people who want to live here on a permanent basis. However, if you do decide to buy or rent property in this area be prepared for some challenges related to financing your purchase or rental agreement