71857, Prescott, AR

Prescott, AR is located in Yell County and has a population of approximately 25,000 people. The median household income in Prescott is $48,000 and the median home value is $130,000.

The 71857 zip code has a homeownership rate of 68% and a vacancy rate of 3%. Approximately 72% of homes in the zip code are occupied. The average commute to work is 26 minutes.

There have been significant increases in home values over the past five years. In 2012, the median home value was $107,500 and by 2016 that had increased to $130,000. This increase can be attributed to both an increase in demand for housing as well as limited supply.

Home equity plays an important role in many people’s lives and can provide stability during difficult times. Home equity allows homeowners to borrow against their property value and use that money to pay off other debts or invest for future growth. Home prices are also affected by factors such as interest rates, availability of mortgages, and local economic conditions.

Overall, the Prescott area appears to be experiencing strong growth in both home values and homeownership rates. While there may be some areas where prices are higher than others due to limited supply or increased demand, overall prices appear to be increasing at a healthy pace