The story of this market
The typical home in Heber Springs, Arkansas sells for about $253,915, or $240 per square foot.
Prices are up +2.76% from a year ago, so sellers still have some momentum. Homes take about 123 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $962 a month.
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.
Heber Springs, Arkansas
The Heber Springs housing market is characterized by steady demand driven by its status as a recreational hub, with median home values showing consistent year-over-year growth. While inventory levels are relatively high, the market remains stable due to the unique lifestyle appeal of the Greers Ferry Lake area. Current conditions reflect a balanced environment for local buyers and investors focused on long-term value.
No ARED county foreclosure postings attributed to Heber Springs yet — the verified ledger covers every county the foreclosure ingest has read, attributed by published city area. Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.
Deterministic aggregate of 2 researched ZIP reports — 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.
Median prices moved up 0.0% year over year.
Homes spend a median of 37 days on market with 0.0 months of supply — a fast-moving market.
0% of listings have cut prices · homes sell at 0.18% of asking — demand is holding steady.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 5.1% · poverty 13.9% — a stable, low-distress profile.
The amenity base that shapes daily life and property demand in this city — what residents actually live with, and what the pipeline is adding.
A massive 40,000-acre reservoir offering boating, fishing, and swimming; it is the primary economic and recreational anchor for the city.
Renowned for world-class trout fishing, this river attracts anglers year-round and supports a robust local guide and tourism industry.
A major public park located near the Greers Ferry Dam, providing camping, picnic areas, and direct lake access for residents and visitors.
Heber Springs is ideal for retirees, outdoor enthusiasts, and families seeking a slower pace of life near major water amenities. It is less suited for urban commuters, though it offers a stable, affordable environment for those who can work remotely or serve the local tourism and service-based economy.
The city is served by the Heber Springs School District, which provides public education for the local community. School quality is generally characterized by standard state-level performance metrics typical of rural Arkansas districts.
The city is served by state highways connecting to the broader Arkansas road network. There is no significant public transit system, and residents rely on personal vehicles for all commuting and errands.
Heber Springs is a premier outdoor destination, anchored by the massive Greers Ferry Lake and the world-class trout fishing of the Little Red River. Residents enjoy extensive access to boating, hiking trails, and public parks like Dam Site Park, which drive significant seasonal tourism and local lifestyle demand.
The rental market is characterized by a mix of long-term residential housing and seasonal demand driven by the lake's tourism industry. Vacancy pressure remains moderate, with the local Housing Authority managing 70 units to support lower-income residents.
The economy is heavily reliant on tourism, outdoor recreation, and regional services. Major employers include the local school district, healthcare providers, and businesses supporting the lake-based hospitality sector.
Economic momentum is anchored by tourism and recreation related to Greers Ferry Lake and the Little Red River. Infrastructure development is currently focused on lake-area utility upgrades and maintaining the city's role as a regional service hub.
Development is primarily focused on maintaining existing recreational infrastructure and supporting small-scale residential growth near the lakefront.
Parcels are subject to local school district taxes and county-wide levies for services such as emergency management and road maintenance.
Heber Springs reports a violent crime rate of 355 per 100,000 residents and a property crime rate of 1,855 per 100,000. These figures place the city in the middle range for reporting municipalities in the region.
The area is situated near Greers Ferry Lake and the Little Red River, necessitating awareness of flood-plain management and insurance requirements for properties in low-lying zones. The region is also subject to standard regional wind and storm risks.
Property insurance premiums are influenced by the proximity to water bodies and the associated flood risks, as well as regional exposure to severe weather events.
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.
Researched annual trajectory for this city, from published historical series
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 8.5%/yr trend — a deterministic estimate, not a published forecast or guarantee.
Median annual property tax paid on this city's residential parcels
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 2.7%/yr trend — a deterministic estimate, not a published forecast or guarantee.
Data retrieved from U.S. Census Bureau ACS 2023 profiles for Heber Springs city, Arkansas.
Public schools whose reported address is in this area (NCES). Not attendance boundaries — schools that serve residents may sit outside it. Check the district's address locator for assignment. Source: NCES EDGE public school locations 2023-24.