72556, Melbourne, AR

The home equity and home prices in the 72556 zip code of Melbourne, AR are very high. In fact, according to Zillow, the median home value in this zip code is $269,000. This is a far cry from the median home value of $107,500 that is typically seen in smaller towns and cities throughout Arkansas. The high home values can be attributed to a number of factors, including the strong economy and low unemployment rates in this area. Additionally, there are a number of luxury homes available for sale in this zip code.

Another contributing factor to the high home values in this zip code is the availability of mortgage financing. According to Zillow, the average mortgage rate for homes located in this zip code is 4.4%. This makes it relatively easy for potential homeowners to get approved for a loan and purchase a property. In addition, there are many real estate agents who are well-versed in marketing properties within this area and who can help buyers find their dream home.

Overall, it is evident that the home equity and home prices in the 72556 zip code of Melbourne, AR are very high. If you are interested in purchasing a property within this area, it would be wise to do your research first and speak with an experienced real estate agent about your options.