Zip 71631 (Banks, AR) Housing

The housing market in Banks, AR (71631) is drastically different from that of the United States. The median value of a home in Banks, AR is $66,100, which is nearly five times less than the national median value of $338,100. Furthermore, the appreciation rate for homes in Banks, AR has been negative for the past year at -100%, compared to 8.27% nationally. This means that housing prices have decreased significantly in Banks, AR while they have been rising across the country as a whole.

The median home cost in Banks (zip 71631) is $66,100. Home appreciation the last 10 years has been 53.6%. Home Appreciation in Banks (zip 71631) is up 19.7%.

Average Age of Homes

- The median age of Banks (zip 71631) real estate is 40 years old

The Rental Market in Banks (zip 71631)

- Renters make up 13.5% of the Banks (zip 71631) population
- 0.0% of houses and apartments in Banks (zip 71631), are available to rent

DID YOU KNOW

Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.

Median Monthly Rent by Number of Bedrooms

Housing by Year Built

Housing	Banks, Arkansas	United States
	461.0	139,647,020.0
	46	42
	$66,100	$338,100
	19.7%	16.6%
	45.3%	57.0%
	53.6%	101.1%
	$6.74	$10.98
	$437	$2,690
	43.8%	57.4%
	48.4%	11.2%
	7.8%	31.4%
Vacant Housing
	0.0%	1.9%
	0.0%	0.4%
	0.0%	0.7%
	0.0%	0.4%
	48.4%	3.6%
	0.0%	4.1%
Value of Owner-Occupied Housing
	31.2%	2.6%
	18.8%	2.4%
	20.3%	2.8%
	7.9%	3.9%
	9.4%	4.5%
	4.5%	11.3%
	2.5%	13.0%
	5.4%	20.1%
	0.0%	13.6%
	0.0%	8.3%
	0.0%	9.7%
	0.0%	3.9%
	0.0%	2.2%
	0.0%	0.8%
	0.0%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	9.8%	13.6%
	9.8%	13.6%
	11.1%	13.6%
	12.4%	13.2%
	34.3%	14.8%
	11.1%	13.6%
	6.5%	10.0%
	9.1%	4.7%
	5.4%	12.2%

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