The story of this market
The typical home in ZIP 71845 sells for about $135,000, or $85 per square foot.
Prices are up +3.8% from a year ago, so sellers still have some momentum. Homes take about 112 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $850 a month.
ZIP 71845 — Lewisville
The housing market in 71845 is characterized by low inventory and slow turnover, typical of a rural Arkansas community. Prices remain stable with modest year-over-year growth, driven by demand for recreational lakefront properties. Most data points are sourced from local MLS and census records; some specific metrics like precise monthly sales counts are limited due to the low volume of transactions.
This ZIP is best suited for retirees, outdoor enthusiasts, and those seeking affordable rural living with proximity to lake recreation.
Median prices moved up 3.8% year over year.
Homes spend a median of 112 days on market with 7.2 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 19.5% — 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 4.0%/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 4.0%/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 71845, Lafayette County AR
Crime rates in the Lewisville area are generally low and consistent with rural Lafayette County, though specific localized data is limited.
The area is served by the Lewisville School District, which provides standard public education for the rural community.
The region is subject to standard flood risks associated with proximity to Lake Erling and the Red River basin; property insurance typically requires standard coverage with specific flood considerations.
Economic momentum is primarily driven by local agriculture, timber, and recreational tourism centered around Lake Erling.
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 residents traveling to regional hubs like Texarkana or Magnolia via state highways.
The area is defined by Lake Erling, which offers significant opportunities for fishing, boating, and outdoor recreation.
The rental market is limited, consisting mostly of single-family homes with low turnover and minimal institutional investor presence.
The local economy is anchored by agriculture, timber production, and small-scale retail services.
Transportation is entirely reliant on private vehicles via state highway corridors.
There are no major large-scale commercial or residential developments currently in the pipeline for this rural ZIP.
The Lafayette County Assessor maintains property valuations based on periodic reappraisals.
Parcels are subject to county-wide school district taxes and local rural utility district assessments.
Property insurance premiums are influenced by rural fire protection ratings and flood zone designations near the lake.
Arkansas is a non-judicial foreclosure state with specific notice requirements for lenders.
Sellers are required to provide a property disclosure statement regarding the condition of the home.
Data retrieved from data.census.gov ZCTA-level tables.
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.
A major regional reservoir known for fishing and boating access.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.