72732, Garfield, AR

Garfield is located in the 72732 zip code in Pulaski County, Arkansas. According to the 2010 census, the population of Garfield was 1,856. The median household income was $41,914 and the median family income was $48,583. The percentage of families with children under 18 living at home was 58%.

The average home price in Garfield was $130,000 as of May 2013. This is significantly lower than the statewide average home price of $187,500 and the national average home price of $177,500. The percentage of homes sold for over asking price was 5%.

The primary reason for this discrepancy may be that Garfield is a relatively new community and there are still many homes available for purchase. Additionally, many homeowners in Garfield have taken advantage of low interest rates to refinance their homes multiple times over the past few years. As a result, there are currently more than twice as many mortgages outstanding in Garfield as there are homes for sale.

Despite these factors, it is still likely that prices will continue to rise in Garfield over time due to increasing demand and limited supply. In addition to housing prices, incomes also tend to increase over time which can help contribute to an upward trend in home equity values.