71860, Stamps, AR

Home Equity and Home Prices in the 71860 Zip Code of Stamps, AR

The home equity and home prices in the 71860 zip code of Stamps, AR are very high. The median home value in this zip code is $269,000, which is more than triple the national median home value of $100,000. Additionally, the percentage of homes with a mortgage in this zip code is above the national average of 57%. This indicates that many homeowners in this area have a lot of equity in their homes.

One reason for this high level of equity may be that there are a lot of affluent residents living in the 71860 zip code. The percentage of households earning over $200,000 annually is above the national average and there are also a lot of single-family homes here. These factors may contribute to higher levels of home values and mortgage debt.

Despite these high levels of equity, it's important to remember that homeownership rates have been declining nationwide for several years now. This means that there are likely more homeowners who are vulnerable to losing their homes if interest rates rise or if they can't make their payments on their mortgages. It's important to consult with a real estate agent or lender if you're considering buying or selling a home in this area.