71838, Fulton, AR

Home equity is the difference between what a homeowner owes on their home and the market value of their home. In Fulton, AR, the average home equity was $188,000 in 2016. This means that homeowners had more than enough money to cover any outstanding debt on their homes and still have some left over.

While home equity varies greatly from person to person, it is generally considered a valuable asset that can be used for various purposes such as paying off debts or investing in other assets. Over time, rising home prices can also increase a homeowner’s home equity significantly.

Overall, Fulton residents are very fortunate to have such high levels of home equity. This allows them to take care of any financial issues they may have without having to worry about damaging their homes or losing all of their savings.