72635, Gassville, AR

Home Equity and Home Prices in Gassville, AR

The home equity and home prices in the 72635 zip code of Gassville, AR are very high. The median home value in this zip code is $269,900, which is more than double the national median home value of $130,000. Additionally, the percentage of homes that are owned outright or with a mortgage is above the national average of 63%. This indicates that there are a lot of people in this zip code who have a lot of equity in their homes.

One reason for this high level of equity may be the low unemployment rate in Gassville. The unemployment rate here was only 2.5% as of May 2016, which is much lower than the national average unemployment rate of 4.9%. This low unemployment rate may be attracting more people to buy homes here, since they can afford to do so without worrying about being unemployed.

Another reason for the high level of home equity and home prices in Gassville may be its demographics. As mentioned earlier, the percentage of homes that are owned outright or with a mortgage is above the national average. This indicates that there are a lot of people who can afford to buy homes here without having to worry about debt payments or having to take on any additional financial obligations.

Overall, it appears that there are many reasons why the home equity and home prices in Gassville are high. The low unemployment rate combined with a high level of ownership outright or with a mortgage indicate that there is plenty of demand for housing stock in this area. Additionally, the demographics suggest that there is a lot of money available to spend on housing here