The story of this market
The typical home in ZIP 71751 sells for about $145,000, or $88 per square foot.
Prices are up +3.2% 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 71751 — Louann
The housing market in 71751 remains stable with modest price appreciation driven by local demand and limited inventory. The market is characterized by affordability relative to national averages, though population decline in the broader county presents a long-term headwind. Current conditions favor buyers looking for value in a steady, slow-growth environment.
This ZIP is well-suited for families and local workers seeking affordable housing, as well as investors looking for steady rental yields supported by the university presence.
Median prices moved up 3.2% year over year.
Homes spend a median of 92 days on market with 3.4 months of supply — a balanced-paced market.
13% 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 5.4% · poverty 22.7% — 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 2.6%/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 2.0%/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 71751, Columbia County AR
Crime rates in Magnolia are generally higher than the national average, with property crime being the most frequently reported incident type.
The area is served by the Magnolia School District, which maintains a mix of public schools with varying performance ratings; local educational outcomes are generally considered average for the region.
The region is subject to standard inland flood risks and occasional severe thunderstorm activity, with property insurance premiums reflecting typical Arkansas hazard profiles.
Economic momentum is anchored by Southern Arkansas University and local manufacturing, with steady but modest development activity focused on residential and small-scale commercial expansion.
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.
Commutes are primarily car-dependent, with most residents traveling within the city or to nearby industrial hubs via local state highways.
Local amenities include the Magnolia City Park system, nearby fishing lakes, and a historic downtown area with local dining and shopping options.
The rental market is characterized by steady demand from university students and local workforce, with limited new multi-family supply keeping vacancy rates relatively low.
The economy is driven by Southern Arkansas University, local manufacturing, and agricultural services, providing a stable employment base for the county.
Transportation is dominated by private vehicle use, with US Highway 82 serving as the primary corridor for regional connectivity.
Development is focused on small-scale residential infill and maintenance of existing infrastructure within the city limits.
The Columbia County Assessor maintains property valuations based on periodic market analysis and state-mandated assessment cycles.
Parcels are subject to Magnolia School District and Columbia County general levies, with no significant MUD or PID presence.
Property insurance remains available and stable, though premiums are influenced by regional exposure to severe weather events.
Arkansas has experienced modest net domestic migration gains, though rural areas like Columbia County often see flat or slightly negative trends.
Arkansas is a non-judicial foreclosure state, allowing for relatively efficient processing of defaulted mortgages.
Arkansas law requires sellers to provide a property disclosure statement, though the scope is generally limited compared to other states.
Data retrieved from Census Bureau ZCTA-level tables and World Population Review 2026 estimates.
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.
Major regional anchor institution and cultural hub.
Central recreational space for community events and outdoor activities.
Features local boutiques and restaurants in a preserved historic setting.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.