71943, Glenwood, AR

The Glenwood, AR 71943 zip code has a median home value of $128,000. This is higher than the Arkansas median home value of $101,500. The Glenwood area has seen an increase in home values over the past five years. In 2013, the median home value was $105,000 and by 2017 it had increased to $128,000. This trend is likely to continue as there are many new homes being built in this zip code and there are also many people who are looking to purchase their first home.

One reason for the increase in home values in the Glenwood area is that there are a lot of new homes being built. There have been a number of new developments completed or under construction that are adding housing units to the market. Additionally, there is a high demand for housing due to the strong economy and low unemployment rate.

Another factor that contributes to the increase in home values in Glenwood is that interest rates have remained low for a long period of time. This has made it more affordable for people to buy homes and invest in property equity. Additionally, there is a limited supply of homes available on the market which means that prices will continue to rise if no new homes are built or if existing homes are sold.

There are some risks associated with buying a home in Glenwood – one risk is that prices could decline if interest rates go up or if another recession hits. Another risk is that you may not be able to sell your house for what you paid for it – this can happen when interest rates rise or when markets become saturated with houses (in which case buyers may be less willing to pay high prices).