71854, Texarkana, AR

Texarkana, AR is a city located in Bowie County, Arkansas. The population was 38,836 as of the 2010 census. The city is the county seat of Bowie County and is home to the University of Arkansas at Fort Smith. Texarkana has a rich history dating back to 1839 when it was founded by brothers James and Solomon Fowler. Today, Texarkana is known for its petroleum production and its universities.

The home equity and home prices in the 71854 zip code of Texarkana are reflective of this city's economy. In 2017, the median home value in this zip code was $119,000 according to Zillow data. This represents a decrease from 2016 when the median home value was $128,000. However, despite this dip in values over recent years, homes in this zip code remain relatively affordable compared to other areas of Arkansas. For example, the median list price for homes in ZIP Code 71854 is $137,500 which makes it one of the more expensive areas within Arkansas but still much less expensive than many other comparable cities across America. Additionally, despite being located within a major metropolitan area such as Fort Smith (with a population of over 100K), only 6% of homes in ZIP Code 71854 are occupied by renters according to Zillow data - indicating that most homeowners here are able to afford their own homes without relying on rental income or government assistance programs like Section 8 housing vouchers or HUD-owned properties/properties with low-interest loans from FHA or VA lenders).

Overall then, while there may be some fluctuations in home values due to market conditions and other factors (such as changes in interest rates), overall homeownership rates and affordability levels remain relatively stable throughout Texarkana - making it an attractive place to live if you're looking for something more affordable than some other parts of Arkansas or nationwide