72745, Lowell, AR

Lowell, AR is located in Pulaski County and has a population of just over 21,000. The median household income in the zip code is just over $50,000, which is significantly higher than the Arkansas average of just over $37,000. Home prices in Lowell have seen significant growth over the past several years, with the median home price reaching a peak of nearly $130,000 in 2016. However, home prices have since declined by about 10% and are currently hovering around $110,000.

One reason for this recent uptick and subsequent decline in home prices may be related to the low interest rates that have been available throughout much of the country. When interest rates are low, it makes borrowing money to purchase a home more affordable and likely to result in more purchases being made. Additionally, there has been an increase in demand for homes due to strong job growth within the area as well as an influx of new residents who are seeking affordable housing options. However, if interest rates rise or if other factors begin to negatively impact housing values within Lowell (e.g., increased competition from other areas), then we could see another significant downturn in home values within the near future.