Zip Code:

72007, Austin, AR

72007 is a Arkansas Zip code within the city of Austin and the county of Lonoke County. Its population is roughly 8,563.

The Real Estate Market in the 72007 Zip Code of Austin, AR

The Austin, AR home equity and home prices are very high compared to the rest of the United States. The median home value in the 72007 zip code is $269,000, which is more than double the national median home value of $130,000. The average home equity in this zip code is also very high at $142,000. This means that most homeowners in this zip code have a lot of equity in their homes.

One reason for the high home equity and home prices in this zip code is that there are a lot of affluent residents here. The 72007 zip code has a population density of 5,812 people per square mile, which is much higher than the national average of 2,500 people per square mile. This means that there are a lot of wealthy people living in this area who can afford to buy expensive homes.

Another reason for the high home equity and home prices in this zip code is that there are a lot of luxury homes available here. There are only about 1% of homes in this zip code that are considered affordable by conventional standards, which means that most homeowners here can afford to buy an expensive house if they want to.

Overall, it appears that the high home equity and home prices in the 72007 zip code are due mainly to factors such as population density and luxury housing availability. These factors make it easier for affluent residents to buy expensive homes and push up overall housing values within this area

Price Index: Little Rock-North Little Rock-Conway, AR

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