The story of this market
The typical home in ZIP 71929 sells for about $170,000, or $115 per square foot.
Prices are up +2.4% from a year ago, so sellers still have some momentum. Homes take about 88 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $1,150 a month.
ZIP 71929 — Bismarck
The housing market in 71929 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. The market remains stable with little speculative activity.
This ZIP is best suited for those seeking a quiet, rural lifestyle, including retirees and families who prioritize affordability and proximity to outdoor recreation over urban amenities.
Median prices moved up 2.4% year over year.
Homes spend a median of 88 days on market with 13.2 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 4.2% · poverty 11.5% — 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 4.3%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
ZCTA 71929, Hot Spring County, AR
The area is served by the Bismarck School District, which is a small, rural district.
The area is primarily rural with limited large-scale commercial development or major corporate infrastructure.
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 typically commute by personal vehicle to nearby employment hubs such as Malvern or Arkadelphia.
The area offers access to outdoor recreation including proximity to the Ouachita River and local rural park spaces.
The rental market is limited in depth, consisting primarily of single-family homes with low turnover.
The local economy is largely driven by agriculture, forestry, and small-scale local services.
Transportation is entirely dependent on personal vehicle use via state highways.
No major commercial or residential developments are currently reported for this rural ZIP.
Hot Spring County Assessor manages property valuations based on state-mandated assessment cycles.
Parcels are subject to Bismarck School District taxes and county-wide service levies.
Property insurance premiums are influenced by rural fire protection ratings and regional weather risks.
Arkansas is a non-judicial foreclosure state.
Arkansas law requires sellers to provide a property disclosure form regarding known material defects.
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.
- Magic Springs4.116.4 mi
- Funtrackers Family Fun Park4.712.8 mi
- Family Fun Park4.112.2 mi
- T-Rex Golf4.114.5 mi
- A Narrow Escape4.914.8 mi
- Oaklawn Hot Springs4.213.1 mi
- Magic Springs4.116.4 mi
- Anthony Chapel4.810.7 mi
- Hot Springs Convention Center4.614.9 mi
- Ohio Club4.615.2 mi
- Garvan Woodland Gardens4.710.6 mi
- Anthony Chapel4.810.7 mi
- Funtrackers Family Fun Park4.712.8 mi
- Kimery Park4.412 mi
- Pirate's Cove Adventure Golf4.810.2 mi
- Mid-America Science Museum4.814.2 mi
- Gangster Museum of America4.415 mi
- The Grand Promenade4.815.1 mi
- Josephine Tussaud Wax Museum3.815.3 mi
- Retroverse Museum4.713.1 mi
- DeGray Lake State Park Resort4.74.7 mi
- Garvan Woodland Gardens Childrens Garden Treehouse4.810.5 mi
- Kimery Park4.412 mi
- Entergy Park4.711.8 mi
- Family Fun Park4.112.2 mi
- Hot Springs Marina4.910.7 mi
- Crystal Springs Marina Village4.719.9 mi
- Safe Harbor Brady Mountain4.519.5 mi
- DeGray Resort Marina4.74.4 mi
- T.J. Maxx4.411.8 mi
- Ross Dress for Less4.210.6 mi
- Uptown Hot Springs3.410.4 mi
- Central Avenue Market Place4.510.9 mi
- Central Station Furniture Flea Market4.412.6 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area ranked by popularity within the radius shown.
Provides local opportunities for fishing and boating.
Serves as a community hub for local events.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.