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These days, finding an affordable place to live in the 72116 area can be challenging. Home prices in 72116 are now at a median cost of $187,575, higher than the Arkansas average of $160,541.
The average cost of rent is $987/mo in 72116, primarily driven by the current value of real estate in the 72116 area. While nearly 37.70% of residents own their homes outright in 72116, 33.99% rent.
Housing affordability isn’t just about home prices, though. The average household income in 72116 is $6,527 per month. Households that rent pay about 15.12% of their income on rent here. 72116's most expensive areas are in the southwestern regions, while the cheapest areas are in the southeastern parts of the zip.
Nearby Zip Codes
- 72199, AR: less expensive homes
- 72114, AR: less expensive homes
- 72118, AR: less expensive homes
- 72120, AR: equally priced homes
- 72201, AR: higher priced homes
- 72117, AR: less expensive homes
- 72202, AR: higher priced homes
- 72119, AR: less expensive homes
- 72207, AR: higher priced homes
- 72205, AR: equally priced homes
Zip Codes with Similar Populations
- 02492, MA: higher priced homes
- 08057, NJ: higher priced homes
- 55410, MN: higher priced homes
- 98005, WA: higher priced homes
- 67114, KS: less expensive homes
- 67901, KS: less expensive homes
- 71220, LA: less expensive homes
- 73010, OK: equally priced homes
- 76058, TX: equally priced homes
- 79765, TX: higher priced homes
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