72039, Damascus, AR

The 72039 zip code of Damascus, AR is located in the southeastern corner of the state and includes a small portion of the city of Jonesboro. The population was 10,811 as of the 2010 census. Home prices in Damascus have increased significantly over the past several years, with median home values increasing from $92,000 in 2009 to $128,000 in 2013. This rapid appreciation has led to significant increases in home equity for many residents.

One reason for this appreciation is that Damascus is a desirable location. The city has a population of over 50,000 and is located within close proximity to major metropolitan areas such as Little Rock and Memphis. Additionally, Damascus has access to excellent schools and recreational opportunities.

Despite these positive factors, there are some challenges facing home buyers in Damascus. One issue is that the area has seen high levels of unemployment recently (currently at 6%). This may make it difficult for people to find jobs that can support a mortgage or afford an increase in rent prices. Additionally, there are limited housing options available within the city limits (although this may be changing). As a result, many people are moving into Damascus from other parts of Arkansas or even out-of-state. This influx of new residents may lead to increased competition for homes and drive up prices even further.