72529, Cherokee Village, AR

The home equity and home prices in the 72529 zip code of Cherokee Village, AR are very high. The median home value in this zip code is $269,000, which is more than double the national median home value of $116,500. Additionally, the percentage of homes in this zip code that are worth more than $300,000 is significantly higher than the national percentage of homes that are worth more than $300,000. This indicates that there is a lot of wealth concentrated in this zip code.

One reason for the high home values and percentage of homes that are worth more than $300,000 in this zip code is likely due to the presence of prestigious schools such as Cherokee High School and Ouachita Baptist University nearby. These schools attract a large number of affluent families who want to live in close proximity to them. Additionally, many wealthy families choose to live in Cherokee Village because it has a high quality of life and excellent amenities. For example, Cherokee Village has a well-maintained infrastructure and plenty of amenities such as restaurants and shopping centers.

Despite the high home values and percentage of homes that are worth more than $300,000 in this zip code, there may be some risks associated with investing in this area. For example, if interest rates rise or if the economy weakens significantly then prices could decline quickly which would hurt homeowners who have invested heavily in their homes. Additionally, since there is so much wealth concentrated within this zip code it could be difficult for homeowners to sell their homes if they need to move or if they experience financial difficulties.