The story of this market
The typical home in ZIP 71675 sells for about $135,126, or $78 per square foot.
Prices are roughly flat from a year ago (-0.1%), a market in balance. Homes take about 112 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $750 a month.
ZIP 71675 — Wilmar
The housing market in 71675 is characterized by low turnover and stable, affordable pricing. Market activity remains quiet with limited inventory and minimal year-over-year price fluctuation, reflecting the area's rural economic profile.
This ZIP is best suited for long-term residents, retirees, or those seeking affordable rural living, as it lacks the density and amenities typically sought by commuters or investors.
Median prices moved down 0.1% year over year.
Homes spend a median of 112 days on market with 7.0 months of supply — a slower-moving market.
8% of listings have cut prices · homes sell at 96% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 6.8% · poverty 19.1% — 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 5.7%/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 4.3%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
ZCTA 71675, Arkansas
The area is primarily rural with limited industrial or commercial development momentum.
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 face a mean travel time to work of approximately 30 minutes, reflecting the rural nature of the area and distance to regional employment hubs.
Recreational opportunities are limited to local outdoor spaces and small-town community amenities within the immediate vicinity.
The rental market is thin with limited inventory, primarily consisting of single-family homes and small-scale residential units.
The local economy is largely driven by agriculture, forestry, and small-scale local services.
Transportation is heavily reliant on private vehicles with no significant public transit infrastructure.
No major commercial or residential developments are currently reported for this ZIP.
The Drew County Assessor manages property valuations for tax purposes.
Parcels are subject to local school district and county-level tax levies.
Property insurance premiums are influenced by rural fire protection ratings and regional weather risks.
Data retrieved from Census Reporter and data.census.gov ZCTA 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.
- Malco Hollywood Cinema4.210 mi
- Timberlodge Lanes4.19.8 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area ranked by popularity within the radius shown.
Local community green space.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.