The story of this market
The typical home in ZIP 71654 sells for about $125,000, or $85 per square foot.
Prices are up +2.1% from a year ago, so sellers still have some momentum. Homes take about 92 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $850 a month.
ZIP 71654 — McGehee
The housing market in 71654 remains stable with modest price appreciation and low inventory levels. Market activity is driven by local demand rather than speculative investment, resulting in a balanced environment for buyers and sellers. Figures for specific metrics like active inventory and days on market are based on current portal listings.
This ZIP is best suited for local families and workers in the agricultural or manufacturing sectors who prioritize affordability and a quiet, small-town lifestyle.
Median prices moved up 2.1% year over year.
Homes spend a median of 92 days on market with 7.0 months of supply — a slower-moving market.
12% of listings have cut prices · homes sell at 96.5% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 6.8% · poverty 22.1% — a mixed stability profile.
Researched annual trajectory for this ZIP, from published historical series
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 4.4%/yr trend — a deterministic estimate, not a published forecast or guarantee.
Median annual property tax paid on this ZIP's residential parcels
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 4.5%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
net outflow — more people moved out than in
ZCTA 71654, Desha County AR
Crime rates in McGehee are generally consistent with rural Southeast Arkansas trends, with property crime being the primary concern relative to regional averages.
The area is served by the McGehee School District, which provides standard public education services for the local community.
The region is located in a low-lying area of the Mississippi Delta, necessitating flood insurance for many properties due to proximity to the Mississippi River basin.
Economic momentum is primarily driven by local agriculture, manufacturing, and regional healthcare services, with limited new large-scale commercial development.
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.
Commuting is primarily car-dependent, with residents traveling via US Highway 65 to reach regional employment hubs in neighboring towns.
Local recreation includes access to community parks and proximity to the Mississippi River for outdoor activities like fishing and hunting.
The rental market is characterized by a high share of single-family home rentals with limited multi-family inventory and stable, modest rent growth.
The economy is anchored by agricultural production, food processing, and local government services.
Transportation is dominated by private vehicle use along the US-65 corridor, with no significant public transit infrastructure.
There are no major large-scale commercial or residential developments currently approved or under construction in this ZIP.
The Desha County Assessor manages property valuations, typically reassessing based on state-mandated cycles.
Parcels are subject to local school district millage and county-wide tax levies for public services.
Property insurance premiums are influenced by flood risk and the rural nature of the area, with availability generally stable.
Data retrieved from data.census.gov ZCTA 71654 profile.
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.
- World War II Japanese American Internment Museum4.52.8 mi
- Winterville Mounds Museum4.219.2 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area ranked by popularity within the radius shown.
Provides local green space and recreational facilities for residents.
A significant regional feature used for outdoor recreation and flood protection.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.