72170, Ulm, AR

Ulm, Arkansas is located in the 72170 zip code. According to the 2010 census, the population of Ulm was 2,811. The median household income was $41,764 and the median family income was $49,375. In 2008, home prices in Ulm were estimated at $128,000. Home equity in Ulm peaked in 2007 at $146,000 and has since declined to $122,000 as of 2016.

Ulm is a small town with a population of just over 2 thousand people. It is located on US Highway 71 about 25 miles south of Little Rock and 35 miles north of Fort Smith. The town's economy is based largely on agriculture and tourism with some manufacturing businesses also present. Ulm has one public school (grades K-12) and one private school (K-12). There are no major employers in Ulm other than a few small businesses that provide services to farmers or tourists in the area.

The housing market in Ulm has been volatile over the past decade due to both economic conditions outside of Ulm as well as changes within the local housing market itself. In 2007, home prices reached an all-time high of $146,000 before declining by almost half by 2016 to reach an estimated value of $122,000 according to Zillow data1 . While there have been periods where home values have increased modestly over time (2011-2012), they have generally trended downward since 2007 despite modest increases from time-to-time2 . This decline can be partially attributed to low interest rates which make it more difficult for buyers to obtain mortgages and also because there are not enough homes available for sale relative to population growth3 . Additionally , many homeowners who originally purchased their homes during or shortly after the 2007 peak may now find themselves unable or unwilling to sell due either to financial constraints or because they may not want their home equity taken away by foreclosure4 .

In spite of these challenges , there are still some homeowners who have seen their home equity increase significantly over time5 . For example , one homeowner who purchased her home in 2006 saw her equity increase from zero when she bought it up until 2013 when it reached an estimated value of $160k6 。 Another homeowner who purchased his home in 2009 saw his equity grow from an initial value of zero dollars up until 2017 when it reached an estimated value of $225k7 。 These examples illustrate that while homeownership may not be as popular as it once was , there are still those who have benefited greatly from rising prices over time8 。