72928, Branch, AR

The Branch, AR 72928 zip code has a population of around 9,000 people and is located in the northeast corner of the state. The median household income in this zip code is around $51,000 which is lower than the national median household income of $53,046. However, this zip code has a higher than average percentage of households that earn over $100,000 a year. Additionally, the homeownership rate in this zip code is around 68% which is higher than the national homeownership rate of 63%.

One reason why homeownership rates are high in this zip code may be because there are a lot of families who have been here for generations. Additionally, many people who live in this area own their homes outright rather than using mortgages or other forms of financing. This means that there is less risk associated with owning a home and that people can afford to buy homes that are larger and more expensive than average.

Another factor that may contribute to high homeownership rates in this area is the low number of foreclosures or repossessions in recent years. This means that there is less competition for homes and that people can afford to buy homes even if they don't have enough money down payment or if they have credit problems. In addition, many people who live in Branch AR 72928 also have good jobs which helps them to qualify for favorable mortgage terms.

Despite these positive factors, home prices in Branch AR 72928 have been decreasing over the past few years due to both market conditions and restrictions on available credit. As a result, many families who want to buy a home are finding it difficult to do so because prices are too high relative to incomes or other financial constraints.