72110, Morrilton, AR

The Morrilton, AR 72110 zip code has a population of around 9,000 people. The median household income in this zip code is $41,500, and the median home value is $128,000. Home equity in this zip code is high compared to other areas of the country. In fact, according to Zillow’s 2018 Home Value Index report, the home equity in Morrilton is higher than 97% of all U.S. zip codes.

One reason for this high level of home equity may be the strong economy in Morrilton. The unemployment rate in Morrilton was 2.5% as of May 2018, which is lower than the national average of 3%. Additionally, Morrilton has a low poverty rate (4%) and a high education attainment rate (79%). These factors may contribute to higher levels of home equity among residents here.

Another factor that may contribute to high levels of home equity in Morrilton are the low interest rates available on loans for homes here. As of May 2018, the interest rate on a 30-year fixed-rate mortgage was just 3%. This makes it easier for residents to buy homes and increase their levels of home equity.

Overall, it appears that strong economic conditions and low interest rates are contributing factors to high levels of home equity in Morrilton ZIP code 72110. Residents here seem to be doing well financially and are able to invest more money into their homes than many other Americans can afford to do