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London city, AR

ZIP 72847 — Housing & Real Estate

Source: U.S. Census Bureau ACS 2019–2023 5-Year Estimates. Page data updated 2026-08-02.

Working ClassLow Snow Area

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 72847

Median Home Value
$128,800
Median Rent
$585
Affordability Snapshot
$35,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$827/mo PITI).

12%
Rent-to-Income Ratio

Below the 30% threshold — generally affordable for median earners.

2.2x
Home Price-to-Income Ratio

Below 3x — relatively affordable housing market.

18.3 yrs
Price-to-Rent Ratio

Years to break even buying vs renting at median home value and rent.

To comfortably buy a median-priced home in ZIP 72847 in London city, AR, a household would need roughly $35,000 in annual income under a 20% down, 30-year loan at 6.8% (illustrative), keeping housing costs near 28% of income. Estimated monthly PITI is about $827. That sits below the local median household income ($58,363), suggesting the typical household income is closer to a workable buy-in level under these assumptions. Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Vacancy rate 14% — check local market conditions.

Heating Fuel
Housing Metrics
Owner Occupied
88.7%+36% vs US avg
x
Vacancy Rate
13.7%+33% vs US avg
x
Broadband Access
85.6%-2% vs US avg
x
4+ Bedrooms
5.9%-60% vs US avg
x
Built Pre-1939
6.2%-52% vs US avg
x
Built Post-2014
0.1%-98% vs US avg
x
Rent Burden >30%
14.5%-71% vs US avg
x
Mortgage-Free
57.9%+51% vs US avg
x
$128,800
Home Value
$585
Rent
1988
Year Built
2011
Moved In

Residents have lived here since ~2011 on average

Housing Structure

Census ACS structure types (single-family, multi-unit, etc.).

  • 1-unit detached70.5%
  • 1-unit attached0.0%
  • 2-9 units1.7%
  • 10+ units0.0%
  • Mobile home & other27.8%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$128,800
Median rent$585
Owner-occupied88.7%
Vacant13.7%
Price-to-income2.2x
Est. income to buy$35,000