Home Values

72116 Home Prices & Values

Zillow Home Value Index

The Zillow Home Value Index is the median Zestimate valuation for a given geographic area on a given day. Learn more

$163,400

  • 1.6% 1-year change
  • 2.9% 1-year forecast

Market Temperature

Based on three metrics—sale-to-list price ratio, the prevalence of price cuts on home listings, and time-on-market—the market temperature provides information on the current balance of bargaining power between buyers and sellers in this zip code relative to other zip codes in the same metropolitan area. A particular zip code may be identified as a good market for buyers in a metro market favorable to sellers overall. Learn more

Cold

Buyers' Market
Sellers' Market

The median home value in 72116 is $163,400. 72116 home values have gone up 1.6% over the past year and Zillow predicts they will rise 2.9% within the next year. The median list price per square foot in 72116 is $85, which is higher than the North Little Rock average of $73. The median price of homes currently listed in 72116 is $169,900 while the median price of homes that sold is $140,625.

Foreclosures will be a factor impacting home values in the next several years. In 72116 6.5 homes are foreclosed (per 10,000). This is greater than the North Little Rock value of 6.0 and also greater than the national value of 4.0

Mortgage delinquency is the first step in the foreclosure process. This is when a homeowner fails to make a mortgage payment. The percent of delinquent mortgages in 72116 is 4.1%, which is lower than the national value of 6.9%. With U.S. home values having fallen by more than 20% nationally from their peak in 2007 until their trough in late 2011, many homeowners are now underwater on their mortgages, meaning they owe more than their home is worth. The percent of 72116 homeowners underwater on their mortgage is 14.3%, which is lower than North Little Rock at 18.2%.

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Relative ZHVI
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72116 Market Overview

Data through Sep 30, 2014
  • $163,400 ZHVI
  • 2.9% 1-yr forecast
    The Zillow Home Value Forecast is Zillow's prediction of what the Zillow Home Value Index will be one year from now. Learn more
    (Sep 30, 2015)
  • $169,900 Median listing price
  • $140,625 Median sale price
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72116 Market Health

Data through Sep 30, 2014
  • 5.6/10 Healthy
    The Market Health Index illustrates the current health of a region's housing market relative to other markets across the country. The Market Health Index is based on up to 10 metrics including those capturing the past and projected evolution of home values, the prevalence of foreclosures, foreclosure re-sales, negative equity and delinquency, as well as whether homes are currently selling faster or slower than in the past.
  • No data Average days on Zillow
  • 14.3% Homes with negative equity (17.0% US Avg) (Jun 30, 2014)
  • 4.1% Delinquent on mortgage (6.9% US Avg) (Jun 30, 2014)

Homes foreclosed (per 10,000)

6.5 homes 72116
6 homes North Little Rock
4 homes United States
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Nearby Zip Codes

Name Median ZHVI
72201 $260,800
72207 $245,500
72120 $132,900
Name Median ZHVI
72202 $90,900
72118 $81,100
72117 $57,700
Name Median ZHVI
72114 $48,200
 
 

Listings & Sales

Data through Sep 30, 2014
  • $85 Median list price / sq ft
  • $78 Median sale price / sq ft
  • 52.4% Listings with price cut
18.6%
Sold below listing
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72116 Rentals

Data through Sep 30, 2014
  • Zillow Rent Index

  • $1,276 72116
    $839 North Little Rock
    $1,335 United States

    The Zillow Rent Index is the median Rent Zestimate valuation for a given geographic area on a given day. Learn more

  • 2.4 Breakeven horizon
    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more
    (Jun 30, 2014)
  • No data Rent list price
  • $0.74 Rent list price / sq ft
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