72554, Mammoth Spring, AR

Home Equity and Home Prices in the 72554 Zip Code of Mammoth Spring, AR

The home equity and home prices in the 72554 zip code of Mammoth Spring, AR are very high. The median home value in this zip code is $225,000, which is more than triple the national median home value of $106,500. Additionally, the percentage of homes in this zip code that are worth more than $250,000 is well above the national average of 25%. This indicates that there are a lot of homes in this zip code that are worth a lot of money.

One reason why the home equity and home prices in this zip code are so high is because there is a lot of wealth concentrated here. The percentage of households in this zip code with incomes over $200,000 is well above the national average of 20%. This means that a lot of people who live in this zip code have a lot of money to invest in homes. Additionally, there are a lot of wealthy people who live in this area too. The percentage of households with incomes over $100,000 is well above the national average as well. This means that there are plenty of people who can afford to buy homes even if they don’t have enough money to pay off their mortgages right away.

Despite all these factors contributing to high home equity and home prices, it’s important to keep things perspective. Only about one-third (34%)of homes in this zipcode are worth more than $250K – which means that most people living here aren’t living like millionaires! And even among those homeowners who do have lots of money saved up for a down payment on a house – only about one-quarter (24%)of them were able to put down at least 20% on their current house when they bought it – indicating that buying a house isn’t always easy or cheap!