72616, Berryville, AR

Berryville, AR is located in Pulaski County and has a population of around 10,000. The median household income in the 72616 zip code is $50,000, which is lower than the national median of $53,046. The unemployment rate in Berryville is around 5%, which is lower than the national unemployment rate of 6%.

The home equity and home prices in Berryville are relatively low when compared to other areas of the country. The average home value in Berryville is $130,000, which is less than half of the national average of $247,500. Additionally, the home equity percentage in Berryville is only 38%, which is lower than the national percentage of 55%. This indicates that many homeowners in Berryville are still able to access significant amounts of equity within their homes.

One reason why home values and home equity percentages may be low in Berryville compared to other areas of the country may be due to its relatively low population density. There are only about 2 per square mile compared to 3 per square mile for most other cities throughout America. This could lead to a smaller pool of potential buyers and therefore a lower demand for homes and property values.