72670, Ponca, AR

The home equity and home prices in the 72670 zip code of Ponca, AR are very high. The median home value in this zip code is $269,000, which is more than double the national median home value of $139,000. Additionally, the percentage of homes in this zip code that are worth over $300,000 is significantly higher than the national average of just over 20%. This indicates that there are a lot of wealthy residents in this area.

One reason for this high level of home values may be the abundance of available real estate in this area. There are a total of 553 homes for sale in the 72670 zip code as of February 2019, which is more than twice as many as there were just five years ago. This suggests that demand for housing here is high and that potential buyers have a lot of choice when it comes to where they can buy a house.

Another factor that may contribute to the high levels of home equity and prices in the 72670 zip code is the low level of unemployment here. As of February 2019, only 3%of workers in this area were unemployed, which is much lower than the national unemployment rateof 4%. This means that people who live here can afford to buy expensive homes without fear that they will lose their jobs if they cannot afford to pay their mortgage or other bills.