72715, Bella Vista, AR

The Bella Vista, AR 72715 zip code has a median home value of $137,500 and a median home equity of $101,000. These numbers are significantly higher than the Arkansas state median home value of $71,200 and the national median home value of $177,600. The Bella Vista area has seen an increase in home values over the past five years, with prices increasing by an average of 9.5% annually. This growth is likely due to the strong economy and low interest rates in Arkansas.

There are a number of factors that may contribute to increased home values in the Bella Vista area. Some potential reasons include rising demand from local residents and businesses, increasing property values due to limited supply (due to strict zoning regulations), and improvements made to homes (such as new construction or remodeling). While there is no one definitive answer as to why prices have increased in this particular area, it is clear that there are many factors at play that are contributing to increased values.

While homeownership rates in Bella Vista are high compared to other areas of Arkansas, there is still room for growth as more people become interested in purchasing homes here. In addition, there is a growing population of young professionals who are looking for affordable housing options close to their jobs. With continued growth and investment in the Bella Vista area housing market, homeownership rates will likely continue to rise while prices continue to increase faster than inflation.