72536, Franklin, AR

The home equity and home prices in the 72536 zip code of Franklin, AR are reflective of the overall market conditions in the area. Over the past year, home values have increased by 2.5%, which is below the national average of 3.8%. However, over the past five years, home values have increased by an average of 8.4%, which is above the national average of 6.2%. This indicates that there is a strong demand for housing in this area and that buyers are willing to pay a higher price for a property that is located in a desirable location.

One factor that may be contributing to this trend is the availability of affordable housing options in Franklin. There are currently 9 homes for sale in this zip code that are priced at less than $200,000 and 4 homes that are priced at less than $100,000. This indicates that there is a wide range of affordability options available to buyers and that they can find a property that meets their needs without having to spend an excessive amount of money.

Another factor contributing to the high demand for housing in Franklin is its proximity to major metropolitan areas such as Little Rock and Memphis. These cities offer a variety of job opportunities and amenities such as shopping malls, restaurants, and entertainment venues, which can appeal to buyers who want to live close to urban areas. Additionally, Franklin has excellent schools system which makes it an ideal place to raise children or start a family.