The story of this market
The typical home in ZIP 71858 sells for about $125,000, or $85 per square foot.
Prices are up +2.1% 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 71858 — Bodcaw
The housing market in 71858 is characterized by low inventory and slow turnover, typical of a rural Arkansas community. Prices have seen modest year-over-year growth, driven by limited supply rather than high demand. No major new developments are currently impacting the local market.
This ZIP is best suited for those seeking affordable, rural living and established residents with ties to the local agricultural or regional service economy.
Median prices moved up 2.1% year over year.
Homes spend a median of 92 days on market with 7.0 months of supply — a slower-moving market.
5% of listings have cut prices · homes sell at 98% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 5.8% · poverty 14.2% — a stable, low-distress 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 4.4%/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 4.4%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
ZCTA 71858, Nevada County AR
Schools serving the area are part of the Nevada School District, which provides rural educational services.
The area is subject to standard regional risks for Arkansas, including seasonal severe weather and potential flood risks in low-lying areas.
Economic momentum is limited, with the area primarily serving as a rural residential base for 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 car-dependent, with residents traveling to nearby regional hubs like Prescott or Hope for employment.
Recreation is centered on rural outdoor activities, with proximity to local parks and natural areas in Nevada County.
The rental market is small and primarily composed of single-family homes with low turnover.
The economy is driven by agriculture, forestry, and local government services within Nevada County.
Transportation is entirely reliant on private vehicles via state highways; no public transit infrastructure exists.
No major commercial or residential developments are currently reported for this rural ZIP code.
The Nevada County Assessor manages property valuations for tax purposes.
Parcels are subject to Nevada School District taxes and county-wide levies.
Property insurance premiums are influenced by regional wildfire and storm risk profiles common to Southwest Arkansas.
Arkansas is a non-judicial foreclosure state.
Arkansas law requires sellers to provide a property disclosure form regarding the condition of the home.
Data retrieved from US Census Bureau ZCTA 71858 profile.
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.
Hosts local community events and agricultural gatherings.
Small community-maintained green spaces.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.