72359, Madison, AR

The Madison, AR 72359 zip code has a median home value of $137,000 and a median home equity of $101,000. This means that the majority of homes in the Madison, AR 72359 zip code are worth more than their original purchase price. Additionally, the Madison, AR 72359 zip code has a low foreclosure rate at 0.5%. This indicates that most homeowners in the Madison, AR 72359 zip code are able to maintain or increase their home equity over time.

Home values in the Madison, AR 72359 zip code have increased steadily over the past several years. In 2012, the median home value was $130,000 and by 2016 it had increased to $137,000. The average annual growth rate for homes in this zipcode is 5%.

Interestingly enough, there has been little variation in home values within the Madison, AR 72359 zip code since 2012. This suggests that there is stability within this market and that buyers can count on finding good deals on homes here over time.

One reason why home values have been increasing steadily in this area is likely due to strong demand from buyers and limited supply of properties available for sale. In addition to strong demand from buyers, low interest rates also contribute to higher prices by making mortgages more affordable overall. Low interest rates make it easier for people to borrow money to buy a house and help drive up prices overall because mortgage payments are not as high as they would be if interest rates were higher.