72703, Fayetteville, AR

The Fayetteville zip code of 72703 has a population of around 114,000 people and is located in the southeastern part of Arkansas. The median household income in this zip code is $50,811, which is higher than the national median household income of $53,046. The home equity and home prices in this zip code are both high compared to other areas in the United States.

The average home value in this zip code is $209,000, which is more than double the national average home value of $117,500. The percentage of homes that are owner-occupied in this zip code is also high at 82%. This indicates that many people in this area are able to afford to buy a home despite having low incomes.

One reason why the home equity and home prices in this area are so high is because there are a lot of wealthy people living here. The percentage of households that have an income over $200,000 is 34%, which is higher than the national average of 23%. This means that there are a lot of people who can afford to buy a house even if their incomes aren't very high.

Another reason why the home equity and home prices in this area are so high is because there isn't much competition for homes here. There are only about 5% as many homes for sale as there are people who want to buy them, which means that houses don't stay on the market for very long. This makes it easy for people who want to buy a house to do so without having to compete with other buyers.