The story of this market
The typical home in ZIP 71962 sells for about $100,200, or $78 per square foot.
Prices are up +2.1% from a year ago, so sellers still have some momentum. Homes take about 120 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $750 a month.
ZIP 71962 — Okolona
The housing market in 71962 is characterized by low inventory and limited sales activity, reflecting its rural nature. Prices have remained stable with modest year-over-year growth, driven by a lack of new construction and a steady, small population base. Most figures are based on current census and local market data.
This ZIP is best suited for those seeking a quiet, rural lifestyle, including retirees or individuals working in nearby regional centers who prioritize affordability over proximity to urban amenities.
Median prices moved up 2.1% year over year.
Homes spend a median of 120 days on market with 6.0 months of supply — a slower-moving market.
5% of listings have cut prices · homes sell at 96% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 6.2% · poverty 22.0% — 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 2.8%/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 3.0%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
ZCTA 71962, Clark County AR
Crime rates in the Okolona area are generally low and consistent with rural Clark County trends, though specific localized data is limited.
The area is served by the Gurdon School District, which provides standard public education services for the rural community.
The region is subject to standard Arkansas weather risks, including severe thunderstorms and occasional tornado activity; flood risk is localized to specific low-lying areas.
Economic momentum is limited in this rural area, with the local economy primarily supported by agriculture and small-scale local services.
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 by private vehicle, with residents typically traveling to Arkadelphia or nearby regional hubs for employment.
Recreation is centered on outdoor activities, including access to nearby rural landscapes and local community parks.
The rental market is small and primarily composed of single-family homes, with low turnover and limited institutional investment.
The local economy is largely driven by agriculture and small-scale local businesses, with most major employment located in nearby Arkadelphia.
Public transit is not available; the area relies entirely on highway access via local roads connecting to regional routes.
There are no major commercial or residential developments currently approved or under construction in this rural ZIP code.
The Clark County Assessor manages property valuations, with assessments typically updated on a cyclical basis.
Parcels are subject to Clark County school district taxes and standard county-level service assessments.
Property insurance premiums are influenced by regional weather risks, including wind and hail exposure common in Southwest Arkansas.
Arkansas is a non-judicial foreclosure state, allowing for relatively efficient processing of defaults.
Arkansas law requires sellers to provide a property disclosure form, though the scope is generally limited compared to other states.
Data retrieved from US Census Bureau ZCTA 71962 profiles.
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.
- Arkadelphia Aquatic Park4.517.1 mi
- Slim and Shorty's4.418.3 mi
- DeGray Resort Marina4.719 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area ranked by popularity within the radius shown.
Local green space serving the immediate community.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.