The story of this market
The typical home in Izard County, Arkansas sells for about $153,000, or $140 per square foot.
Prices are up +21.4% from a year ago, so sellers still have some momentum. Homes take about 82 days to sell, which is slow. Over the long run, values in this county have grown 116% since 2004. The biggest natural hazard here is ice storm, which FEMA rates very high. HUD's fair market rent for a two-bedroom is $909 a month.
HUD sets the fair market rent for a 2-bedroom at $909 a month. FEMA's National Risk Index rates overall hazard risk here as Relatively High.
Price climate
Every year of price change, 2004–2025
+12.9%
2025
Each stripe is one year's median price change across the area's census tracts (FHFA repeat-sales index). Deep blue is a strong gain year, red a falling year. Best: 2022 (+26%). Worst: 2014 (-18.5%). Hover to read a year.
Monthly price momentum
Home values since 2015
+2.7%
AR · past 12 months
Freddie Mac House Price Index, single-family homes, monthly through 2026-08. Each line starts at 100 in January 2015, so a reading of 180 means prices are up 80% since then.
Rent benchmark
Fair market rent by size
$1,259
3-bed / month
HUD Fair Market Rents, fiscal 2027, for this county. A typical rent for a modest unit, used to set housing-voucher payments.
Neighborhood price trend
Long-run price trend, 2004–2025
+12.9%
2025 change
FHFA repeat-sales index, median of 1 census tracts in this county (2004 = 100). Bars are each year's median change.
Natural hazard exposure
The area's risk shape
90
Relatively High
FEMA National Risk Index. Each spoke is a hazard ranked nationally, where 100 is the most exposed. Expected annual loss: $10,111,289.
Mortgage activity
Home lending in this county
72.5%
2019 approval rate
| Year | Applications | Loans made | Approval | Investor share | Median home value |
|---|---|---|---|---|---|
| 2018 | 451 | 236 | 75.5% | 5.2% | $120,000 |
| 2019 | 408 | 201 | 72.5% | 9.8%▲ | $130,000▲ |
CFPB Home Mortgage Disclosure Act records: every mortgage application reported by lenders for homes in this county. Approval rate is approved ÷ decided (withdrawn and incomplete files excluded). Investor share and home value are the median census tract.
Izard County, Arkansas
Izard County's housing market demonstrates moderate appreciation with a median sale price of $153,000, supported by steady turnover and roughly 82 days on market. High vacancy rates and modest local incomes maintain strong affordability, while inventory levels balance rural single-family demand and acreage lot sales.
No ARED distress-ledger coverage for this county yet — the foreclosure ingest rotates the national county directory, and filings appear here once the county's posted notices are read. Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.
Select a city to expand its ZIP intel reports beneath · 10 cities · 17 ZIP reports
Median prices moved up 87.6% year over year.
Homes spend a median of 93 days on market with 1.0 months of supply — a fast-moving market.
1% of listings have cut prices · homes sell at 4.96% of asking — demand is holding steady.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 4.8% · poverty 22.3% — a mixed stability profile.
Deterministic aggregate of 11 researched ZIP reports of 17 — sales_count-weighted (population fallback); per point, children lacking the value or its weight are excluded. Tax rates, sentiment and context notes are tier-native and never roll.
Izard County, Arkansas — researched county-level history with a deterministic 1 / 3 / 5-year projection
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 6.7%/yr trend — a deterministic estimate, not a published forecast or guarantee.
No researched properties in this county yet — the property base layer populates as property research runs, and each property feeds its ZIP's roll-up.
researched Sep 28
researched Sep 28
researched Sep 28
researched Sep 28
researched Sep 28
researched Sep 28
researched Sep 28
researched Sep 28
researched Sep 28
researched Sep 28
| 72512 | Horseshoe Bend | $165,000 | $115 | +3.2% | 98 | 96% | 12% | 18 | 377 | $950 | researched Sep 28 |
| 72517 | Brockwell | — | $627 | — | — | — | — | — | — | — | researched Sep 28 |
| 72519 | Calico Rock | $145,000 | $112 | +3.5% | 88 | 96.5% | 12% | 6.2 | 24 | $850 | researched Sep 28 |
| 72536 | Franklin | $425,000 | $208 | +93.2% | 93 | — | — | — | 2 | $909 | researched Sep 28 |
| 72539 | Glencoe | $123,000 | $115 | +2.5% | 88 | 96% | 8% | 6 | 12 | $850 | researched Sep 28 |
| 72540 | Guion | — | — | — | — | — | — | — | — | — | researched Sep 28 |
| 72542 | Hardy | $60,000 | — | — | — | — | — | — | 117 | $909 | researched Sep 28 |
| 72544 | Henderson | $155,000 | $112 | +2.4% | 84 | 96.5% | 18% | 5.2 | 42 | $950 | researched Sep 28 |
| 72556 | Melbourne | $219,900 | $115 | +4.2% | 108 | 96.5% | 12% | 8.5 | 62 | $850 | researched Sep 28 |
| 72558 | — | — | — | — | — | — | — | — | — | — | researched Sep 28 |
Figures are each ZIP report's own latest research — the county roll-up aggregates them sales_count-weighted (population fallback); ZIPs cycle quarterly.
Izard County maintains lower overall violent crime rates compared to statewide averages, characteristic of rural northern Arkansas, though property theft and property crimes remain the primary local law enforcement concerns.
The county is served primarily by Melbourne, Izard County Consolidated, and Calico Rock school districts, with Melbourne schools generally earning the strongest local academic and state accountability marks.
Wildfire and severe weather pose significant local hazards, with approximately 97% of properties carrying some wildfire risk and 13% facing severe 30-year flood exposure along river and creek drainages.
Economic and development activity is predominantly anchored by local government, Ozarka College in Melbourne, agriculture, and healthcare services, with modest single-family building activity across the Ozark foothills.
Composed from the ARED governance burden registry — tier-native tax structure (state + county + city + special districts), never averaged. State (Arkansas) — Arkansas Disabled Veteran Total Property Tax Exemption: Provides a 100% exemption from all ad valorem real property taxes on the principal homestead. Formula: Net Ad Valorem Tax Due = $0.00. State (Arkansas) — Arkansas Senior and Disabled Assessment Freeze: Freezes the assessed taxable value of the homestead at the prevailing assessed value at the time the owner becomes eligible or purchases the property. State (Arkansas) — Arkansas State Homestead Property Tax Credit: Provides a direct reduction against ad valorem property taxes up to $350.00 (increased to $350 by Act 655 of 2009; further statutory increases may apply up to $425 depending on legislative session). Formula: Final Tax Due = max($0, Gross Ad Valorem Tax - Homestead Credit). State (Arkansas) — Arkansas Amendment 79 Assessment Growth Caps (Assessment Limitation): Caps annual assessed value growth following a countywide reappraisal: homestead parcel taxable assessments cannot increase by more than 5% per year, and non-homestead residential parcel taxable assessments cannot increase by more than 10% per year until taxable assessment reaches… State (Arkansas) — Arkansas Ad Valorem Property Tax Assessment Ratio and Valuation: Imposes an ad valorem property tax based on a uniform statutory assessment ratio of 20% of true market value.
Residents have direct access to the White River, Strawberry River, Crown Lake in nearby Horseshoe Bend, and numerous Ozark recreational waterways offering premier trout fishing, boating, and public hunting lands.
The rental inventory in Izard County is limited and largely composed of single-family detached houses and small rural multi-family clusters, keeping median gross rents relatively low but options constrained.
The economy is driven by education, healthcare, light manufacturing, agriculture, and government employers, anchored by Ozarka College, local school districts, and county administrative operations in Melbourne.
Transportation centers entirely on highway corridors including AR-69, AR-9, and AR-56, with no passenger rail or public transit; residents rely on private vehicles with a mean commute time of roughly 28 minutes.
The Izard County Assessor appraises real estate at market value, applying Arkansas's statutory 20% assessment ratio, with county-wide reappraisals administered on a cyclical basis under state oversight.
Special districts primarily encompass local school districts (Melbourne, Izard County Consolidated, Calico Rock) along with rural volunteer fire protection districts and municipal improvement districts in Horseshoe Bend.
Property insurance availability remains stable but rates are facing upward pressure due to severe storm events, hail, and heightened rural wildfire exposure across northern Arkansas.
The amenity base that shapes daily life and property demand in this county — what residents actually live with, and what the pipeline is adding.
World-renowned trout fishing and boating along the county's southwestern border.
640-acre recreational lake serving Horseshoe Bend with watersports and public access.
Community trail system and sports facilities located on the Melbourne campus.
Retrieved via Census Reporter and U.S. Census Bureau QuickFacts for Izard County, AR (FIPS 05065).
Caps annual assessed value growth following a countywide reappraisal: homestead parcel taxable assessments cannot increase by more than 5% per year, and non-homestead residential parcel taxable assessments cannot increase by more than 10% per year until taxable assessment reaches 20% of full market value. Growth limitations do not apply to new construction or substantial improvements, and uncapping to full 20% market value occurs upon an arm's-length sale pursuant to Ark. Code Ann. § 26-26-1123.
Adopted via Ark. Const. amend. 79 (effective 2000) and codified at Ark. Code Ann. §§ 26-26-1120 through 26-26-1123.
applies when — Residential parcels bound by recorded covenants, conditions, and restrictions (CC&Rs) establishing a property owners association (POA) or homeowners association (HOA).
Binds title to mandatory common-expense assessments, architectural controls, and association bylaws. Because Arkansas lacks a dedicated standalone single-family HOA statutory code, associations incorporate and operate under the Arkansas Nonprofit Corporation Act (Ark. Code Ann. §§ 4-33-101 et seq.). Covenants running with the land grant the association power to place statutory/contractual assessment liens on defaulting parcels and pursue foreclosure under covenant terms.
Ark. Code Ann. §§ 4-33-101 et seq.; Horizontal Property Act (for condominiums) Ark. Code Ann. §§ 18-13-101 et seq.
applies when — Homestead parcel owned by an individual who is 65 years of age or older, or who is permanently and totally disabled.
Freezes the assessed taxable value of the homestead at the prevailing assessed value at the time the owner becomes eligible or purchases the property. The taxable assessed value remains fixed and does not rise with subsequent reassessments unless the property undergoes substantial improvement or changes ownership outside of exempt transfers.
Ark. Const. amend. 79, § 1; Ark. Code Ann. § 26-26-1120.
applies when — Parcel must be an owner-occupied single-family residence designated as the taxpayer's principal place of residence (homestead).
Provides a direct reduction against ad valorem property taxes up to $350.00 (increased to $350 by Act 655 of 2009; further statutory increases may apply up to $425 depending on legislative session). Formula: Final Tax Due = max($0, Gross Ad Valorem Tax - Homestead Credit). Credit is non-refundable and cannot reduce the net tax below zero.
Ark. Const. amend. 79, § 3; Ark. Code Ann. § 26-26-1118.
applies when — Applies to residential parcels where the lender elects judicial foreclosure in circuit court or where the security instrument lacks a power of sale.
Requires a civil complaint, judicial hearing, and entry of a foreclosure judgment followed by a commissioner's sale. Under Ark. Code Ann. § 18-49-106, mortgagors have a statutory one-year redemption period following a judicial foreclosure sale unless the right of redemption was expressly waived in the underlying mortgage instrument (which is common practice in commercial instruments but legally distinct in residential equity protections).
Ark. Code Ann. §§ 18-49-101 through 18-49-106.
applies when — Applies to residential parcels encumbered by a mortgage or deed of trust containing an express power-of-sale clause upon borrower default.
Enables non-judicial foreclosure without court intervention. Requires the mortgagee/trustee to record and mail a Notice of Default and Intention to Sell at least 60 days prior to the scheduled sale date, publish notice once a week for four consecutive weeks, and post notice at the courthouse and online. The borrower retains a statutory right of reinstatement by curing default up to the time of sale. Once the trustee's deed is executed upon sale, statutory post-sale redemption rights are fully extinguished.
Arkansas Statutory Foreclosure Act, Ark. Code Ann. §§ 18-50-101 et seq.
Imposes an ad valorem property tax based on a uniform statutory assessment ratio of 20% of true market value. Tax Calculation Formula: Assessed Value = Appraised Market Value * 0.20; Gross Tax = Assessed Value * (Total Millage Rate / 1,000); Net Tax Due = Gross Tax - Applicable Credits. Millage includes a mandatory statewide minimum 25 mills Uniform Rate of Tax (URT) for school maintenance and operations under Ark. Const. art. 14, plus local county, municipal, and voter-approved millages.
Codified under Ark. Const. art. 14, art. 16, § 5; Ark. Code Ann. §§ 26-24-104, 26-26-303, and 26-26-1201.
applies when — Parcels situated within incorporated municipal boundaries, extraterritorial planning jurisdictions, or counties with active planning commissions.
Submits residential parcels to police power land-use controls, setback requirements, density maximums, building height caps, and subdivision dedication mandates established by local planning commissions pursuant to state enabling acts. Municipalities may enforce zoning and subdivision controls within up to 5 miles of their corporate limits (extraterritorial jurisdiction).
Ark. Code Ann. §§ 14-56-401 et seq. (Municipal Planning) and §§ 14-17-201 et seq. (County Planning).
Arkansas adheres to the common law doctrine of 'caveat emptor' (buyer beware) for unrepresented private sellers, meaning there is no state statutory requirement forcing a seller to provide a formal written property condition disclosure. However, if a licensed real estate broker or salesperson is involved in the transaction, Arkansas Real Estate Commission (AREC) regulations require affirmative disclosure of all known material adverse facts and defects affecting the property, and common law bars fraudulent concealment or active misrepresentation by sellers.
Arkansas Real Estate Commission Regulations; common law caveat emptor doctrine reaffirmed in AREC published guidance.
applies when — Homestead parcel owned by a veteran certified by the U.S. Department of Veterans Affairs as 100% totally and permanently service-connected disabled, or an un-remarried surviving spouse/minor children.
Provides a 100% exemption from all ad valorem real property taxes on the principal homestead. Formula: Net Ad Valorem Tax Due = $0.00.
Ark. Code Ann. § 26-3-306.
Governance registry — every jurisdiction re-researches on a rolling 90-day cycle. Property reports compose these inherited burdens into a per-parcel ledger with conditional determinations. Informational only — not legal advice.