72943, Magazine, AR

The home equity and home prices in the 72943 zip code of Magazine, AR are reflective of the overall market conditions in the area. The median home value in this zip code is $101,000, which is significantly lower than the statewide median home value of $217,500. Additionally, the percentage of homes that are owner-occupied is lower than the statewide average of 66%. This indicates that there may be a greater demand for rental properties in this zip code.

Despite these lower values, there are still a number of homeowners who have taken advantage of current market conditions and have increased their home equity. In fact, according to Zillow’s Home Value Index data from January 2018, 41% of homes in this zip code are worth more than their original purchase price. This demonstrates that even though homeownership rates may be lower in this area, there is still a strong demand for property ownership within the 72943 zip code.