72108, Monroe, AR

The 72108 zip code of Monroe, AR has a median home value of $119,000 and a median home equity of $87,000. This is significantly lower than the Arkansas median home value of $177,500 and the national median home equity of $117,200. The 72108 zip code also has a significantly lower homeownership rate than both the Arkansas rate of 63.4% and the national rate of 68.2%.

There are several factors that may contribute to these low home values in the 72108 zip code. First, Monroe is located in one of the poorest counties in Arkansas with an unemployment rate above 10%. Second, there are relatively few homes for sale in this zip code which may make it difficult for buyers to find a suitable property. Finally, many residents may be underwater on their mortgages due to low home values or high interest rates which could lead them to foreclosure if they cannot refinance their mortgage.