72601, Harrison, AR

The 72601 zip code of Harrison, AR has a median home value of $129,000. This is significantly lower than the Arkansas median home value of $269,500. The reason for this discrepancy is likely due to the high percentage of homeowners in the 72601 zip code who owe more on their mortgages than their homes are worth. As a result, many homeowners in this zip code are experiencing declining home equity values.

Despite these low home equity values, there has been an uptick in home prices in the 72601 zip code over the past few years. In 2016, the median home price was $127,000 and has increased by 5% since then. This increase is likely attributable to several factors including low interest rates and increasing demand from buyers who are able to afford more expensive homes due to strong job growth in Harrison.