The story of this market
The typical home in ZIP 71857 sells for about $95,100, or $72 per square foot.
Prices are up +2.1% 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 $863 a month.
ZIP 71857 — Prescott
The housing market in 71857 remains stable with low inventory and modest price appreciation. Market activity is driven by local demand and affordability, with limited new construction impacting supply. Figures for active listings and price cuts are based on current local market snapshots.
This ZIP is best suited for local families and workforce commuters seeking affordable housing options in a small-town setting.
Median prices moved up 2.1% year over year.
Homes spend a median of 112 days on market with 6.2 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 5.8% · poverty 21.0% — 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 2.2%/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 2.9%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
ZCTA 71857, Nevada County AR
Schools in the Prescott School District generally serve the local population with modest performance ratings.
The area is subject to standard regional risks including severe thunderstorms and occasional tornado activity common to Southwest Arkansas.
Economic momentum is driven by local manufacturing and agricultural support services in Nevada County.
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 local within Prescott or via I-30 toward Hope or Arkadelphia.
Local amenities include city parks and proximity to outdoor recreation areas in the surrounding Nevada County landscape.
The rental market is characterized by limited inventory and steady demand from local workforce households.
The economy is anchored by local manufacturing, education, and regional agricultural services.
Interstate 30 serves as the primary transit corridor connecting the area to larger regional employment hubs.
Development is primarily focused on small-scale residential infill and local infrastructure maintenance.
The Nevada County Assessor manages property valuations based on state-mandated assessment cycles.
Parcels are subject to Prescott School District and Nevada County tax levies.
Property insurance premiums are influenced by regional weather patterns and proximity to emergency services.
Arkansas is a non-judicial foreclosure state.
Sellers are required to provide property disclosures regarding known material defects.
Data retrieved from US Census Bureau 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.
Theme parks, venues, golf, airports, museums, water and shopping across the area ranked by popularity within the radius shown.
Primary community green space for local recreation.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.