72125, Perry, AR

Perry, AR is located in the 72125 zip code. The Perry median home value is $119,900 and the Perry median home equity value is $118,000. Home prices have been on a steady rise in the 72125 zip code for the past few years. In 2016, Perry had a median home value of $116,500 and a median home equity value of $114,000. In 2017, Perry had a median home value of $117,700 and a median home equity value of $115,600. This trend seems to be continuing into 2018 as the latest data shows that Perry's median home values are currently at $118,200 and its median home equity values are at $117,800.

There are several factors that have contributed to this increase in Perry's housing market values. One reason may be that there has been an influx of new residents into the area due to its close proximity to major metropolitan areas such as Little Rock and Memphis. Additionally, many people who live in Perry commute to work in these larger cities which may also contribute to higher housing prices within the 72125 zip code. Another factor that has helped drive up prices in Perry is low interest rates - which make it more affordable for people to borrow money to buy homes than it would be if rates were higher. Finally, there has been an increase in demand for homes due to strong economic growth within Arkansas and across the U.S., which has led some people who would have otherwise not bought homes now consider purchasing a house due to its affordability compared with other investments available such as stocks or bonds ( Arkansas Business Journal).

Despite these positive trends however there are still some challenges facing homeowners within the 72125 zip code when it comes to buying or selling their homes. One issue that homeowners face is that there can be a long wait time for properties that become available due to high demand - which can lead some buyers/sellers decide not to pursue their property purchase or sale because they feel like they will not be able to get what they want within their budget timeframe ( Arkansas Business Journal). Additionally - given how tight housing markets have become across many parts of America - even if someone does find an available property they may find themselves competing against multiple potential buyers who also want said property (Realtor Magazine). Overall though while there are still some challenges facing homeowners within the 72125 zip code when it comes time buying or selling their homes - overall conditions appear favorable for those looking into purchasing or selling a house in this area over recent years