72736, Gravette, AR

The home equity and home prices in the 72736 zip code of Gravette, AR are very high. The median home value in this zip code is $269,000, which is more than triple the national median home value of $117,500. Additionally, the percentage of homes in this zip code that are worth more than $300,000 is significantly higher than the national percentage of homes that are worth more than $300,000. This indicates that there is a lot of wealth concentrated in this particular area.

One possible explanation for these high home values and percentages is that Gravette is a desirable location to live in. The city has a population of just over 2,000 people and it is located just outside of Little Rock. This makes it an easy commute for people who work in Little Rock or other larger cities nearby. Additionally, Gravette has many amenities available to residents including a library, park system, and shopping options.

Despite the high values and popularity of Gravette as a place to live, there may be some risks associated with buying or owning a home here. For example, there may be limited inventory available for sale due to the high demand from buyers who want to purchase homes in this area. Additionally, prices may continue to rise faster than inflation over time if no new development projects are approved in the area or if interest rates increase significantly from their current levels.