72727, Elkins, AR

The Elkins, AR 72727 zip code is located in the northeast corner of Arkansas. The population of the zip code was 12,898 as of the 2010 census. The median household income in the zip code was $41,914 in 2009. Home prices in Elkins peaked at $269,900 in 2006 and have since fallen to $223,000 as of 2013.

There are a number of factors that contribute to home prices in a particular area. In Elkins, AR, there is a limited supply of homes for sale and demand is high due to its location and amenities. Additionally, Elkins has seen steady job growth over the past few years which has led to increased incomes and increased demand for housing. Finally, home values are affected by local economic conditions which can change quickly depending on factors such as interest rates and inflation rates.

Overall, it seems that home prices in Elkins will continue to decline over the next few years as more homes come onto the market and buyers become more selective due to tighter lending standards. However, if you are looking for a property within this area now may be a good time to consider buying since prices are relatively low compared to recent history