The story of this market
The typical home in ZIP 71665 sells for about $130,000, or $85 per square foot.
Prices are down 47% from a year ago, which gives buyers more room to negotiate. Homes take about 65 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $519 a month.
ZIP 71665 — Rison
The housing market in 71665 is currently experiencing significant downward price pressure, with a sharp year-over-year decline in median sale prices. Low sales volume and limited inventory suggest a stagnant market environment, likely driven by broader economic headwinds in rural Arkansas. Buyers and sellers remain in a cautious holding pattern as the area adjusts to shifting market conditions.
This ZIP is best suited for local workers, retirees, and those seeking a quiet, rural lifestyle with a low cost of living, rather than commuters or investors looking for high-growth urban assets.
Median prices moved down 47.0% year over year.
Homes spend a median of 65 days on market with 5.2 months of supply — a balanced-paced 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 6.2% · poverty 17.1% — a mixed stability profile.
versus the prior ACS vintage
ZCTA 71665
Schools in the area are primarily served by the Cleveland County School District, with performance metrics generally reflecting rural Arkansas averages.
The area is subject to standard regional risks including severe thunderstorms and occasional flooding; insurance availability remains stable but premiums are sensitive to regional weather patterns.
Economic momentum is modest, driven largely by local agriculture, timber, and small-scale service industries with limited large-scale industrial 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.
Residents typically commute by personal vehicle to nearby employment hubs in Pine Bluff or Little Rock, with average travel times around 27 minutes.
Recreational opportunities are centered on rural outdoor activities, including access to local parks and proximity to regional hunting and fishing areas.
The rental market is characterized by low inventory and modest demand, with rents remaining relatively affordable compared to urban centers.
The local economy is primarily supported by agriculture, forestry, and public sector employment, with limited diversification.
Transportation is almost exclusively reliant on personal vehicles, with no significant public transit infrastructure serving the area.
There are no major large-scale commercial or residential developments currently reported in the pipeline for this ZIP.
The Cleveland County Assessor manages property valuations, typically conducting periodic reappraisals to ensure tax rolls align with market values.
Parcels are subject to local school district taxes and county-level levies for emergency services and road maintenance.
Property insurance is generally available, though premiums are influenced by the area's exposure to severe weather events common in the Arkansas Delta region.
Data retrieved from Census Reporter and ACS 2024 profiles.
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.
Local community park providing green space and recreational facilities.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.