71655, Monticello, AR

The home equity and home prices in the 71655 zip code of Monticello, AR, are reflective of the overall market conditions in the area. The median home value in this zip code is $162,500, which is lower than the statewide median home value of $269,900. However, this zip code has a higher than average percentage of homes that are valued at over $300,000. This indicates that there is a high demand for homes in this area and that those who are able to purchase one will likely be able to do so for a fair price.

Additionally, the 71655 zip code has an above average percentage of homes that are owner-occupied. This indicates that many people who live in this area are comfortable living in their own homes and do not need to rely on rental properties or other forms of housing assistance. This stability may help to keep property values high over time since it will be difficult for developers or others interested in purchasing or investing in this area to bring about significant changes that could lead to decreased property values.