Interested in purchasing investment houses in the 71631 zip code in Banks, AR?
The zip code 71631 is in Bradley county with a latitude of -92.264930000000 and longitude of 33.580060000000, is in the state of Arkansas. The average asking price of houses and condos is $143,387.00 and the average sale price was $130,000.00. this regions is classified as the Monroe metro area and consists of the following area codes: 327 and 870. The location in degrees is 33° 34' 48.216" N, 92° 15' 53.748" W. The county F.I.P.S. is 05011. The total land area is 123.1 square miles and the water area is 0.0 square miles. The elevation in this area is 148 - 276 feet. The zip code is on central standard time and observes daylight savings time.
The zip 71631 is in county number 011 and is L. Sector 00, L. Segment 61, H. Sector 77, and H. Segment 77. The population was 507 in 2019 and 673 in 2010. This further breaks down to 322 males (63.5%) and 185 females (36.5%). The median age of residents is 33.9 years. The population density (people per square mile) is 4. This zip code has a combined total of 403 houses and condos. There are 10 rented appartments. 5% of residents rent versus the 5% of residents in the state who rent.
The financial status of those living in this area is considered lower middle class. The average individual gross adjusted income is $36,375 and the average salary is $31,213. The median household income of individuals is $19,307.00 and the average is $36,180.00. This zip code has a mean commute time to work of 40.6 minutes. The unemployment rate is 3.6%. Income earners by percent breakdown as 87.10% (Under $50,000), 9.70% ($50,000-$100,000), and 3.20% earn over $100,000. 9.3% of residents live below poverty line versus the 16.2% in the state that are below this line. The cost of living index is 75.3. The educational breakdown is 79.4% have a high school education or higher, 3.6% have a bachelor's degree or higher, and 1.0% have some kind of profesional degree.
This area has 298 households and the average size is 2.4 people. Individuals who are single and have never been married are 7.1%, 60.0% are now married, 6.9% are separated, 12.0% are widowed, and 14.0% are divorced.
The estimated median value of houses and condos is $80,388. The median monthly owner costs of mortgage holders was $958, where as the costs for those who don't have a mortgage are $241. The median number of rooms in houses and condos are 5.9.
The real estate tax percent rate is 0.6% which equated to an average real estate tax amount payment of $507. In comparision, the average real estate tax percent rate in the state is 0.6% which equated to an average real estate tax amount payment in the state of $834. The median housing property tax percent for residents with mortgages was 1.0% which amounted to an average tax amount of $605. Conversely, the median housing property tax percent for residents who don't have mortgages was 0.5% which amounted to an average tax amount of $415. Reported taxable interest for persons was $217 and itemized deductions $14,167. The average earned income tax credit is $3,057. The percent of individuals that use a tax preparer is 58.3%. The total average income taxes paid by individuals was $3,433. Businesses reported an average profit of $3,850.
Mazzios Italian Eatery
209 N Myrtle St, Warren, AR 71671 (11.4 miles away)
Gto
517 S Main St, Hermitage, AR 71647 (12.6 miles away)
McClellan's Country Store
6310 Highway 8, New Edinburg, AR 71660 (15 miles away)
Granny's Grill & Family Diner
103 S Lee St, Hampton, AR 71744 (15.5 miles away)
Damasco Mexican Restaurant
2648 Highway 278 W, Wilmar, AR 71675 (19.9 miles away)
Rock's Place Steakhouse & Fine Food
302 N Main St, Fordyce, AR 71742 (20.7 miles away)
When my husband passed away suddenly, I was left with a home I had to sell fast. The experts from We Buy Homes dealt with me professionally, fairly, and honestly. I didn’t have to list my house and I didn’t have to deal with strangers walking through my home. And I didn’t have to pay a realtor! They handled everything and that provided the peace of mind I needed during such a difficult time. I highly recommend them!
