72106, Mayflower, AR

The 72106 zip code of Mayflower, AR has a median home value of $119,000. This is a decrease from the median home value of $128,000 in 2016. The average home price in this zip code has decreased by 2.5% since 2016.

The percentage of homes that are owned outright is lower in the 72106 zip code than the national average. The percentage of homes that are owned outright is 54% while it is 66% nationally. The percentage of homes that are owned with a mortgage is also lower in this zip code than the national average at 58%.

The 72106 zip code has a higher percentage of owner-occupied housing than the national average at 63%. This indicates that more people in this area own their homes outright or with a smaller down payment than most other areas in America.

Another indicator that shows how homeownership rates are high in this area is the number of mortgages per capita. There are 3 mortgages per 1,000 people which is higher than the national average which stands at 2 mortgages per 1,000 people. This indicates that there may be some difficulty finding buyers for properties here due to an abundance of ownership options and low interest rates