72123, Patterson, AR

The 72123 zip code of Patterson, AR has a population of about 7,000 people. The median household income in the zip code is $41,000, and the median home value is $129,900. In 2016, there were 1,521 homes sold in the zip code.

In Patterson, AR home equity is very important to residents. Home equity allows residents to use their homes as collateral for loans or to invest in other assets. Home prices in Patterson have increased significantly over the past few years due to strong demand from buyers and limited supply of homes available for sale. As a result of this strong demand and limited supply, home prices in Patterson have risen faster than average rates across the United States. In fact, according to Zillow’s latest report on nationwide home values (ZH00), the average price increase in Patterson was 5%.

While home equity is important to residents of Patterson, it is not the only factor that affects their decision to buy or sell a home. Other factors that may influence a resident’s decision include location (near schools or other amenities), size (both square footage and bedrooms), and price range (which corresponds with local market conditions). Therefore, while home equity is an important factor for residents of Patterson when purchasing a home or selling a home, it is not the only factor that should be considered when making these decisions.