The story of this market
The typical home in ZIP 72055 sells for about $96,200, or $72 per square foot.
Homes take about 112 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $750 a month.
ZIP 72055 — Gillett
The housing market in 72055 is characterized by low inventory and very limited sales activity, reflecting its rural nature. Prices remain stable with little year-over-year fluctuation. Most data points for specific market metrics like price cuts or months of supply are not published at the ZIP level due to the small sample size.
This ZIP is best suited for those seeking a quiet, rural lifestyle in the Arkansas Delta, including retirees or those employed in local agriculture.
Median prices moved sideways 0.0% year over year.
Homes spend a median of 112 days on market with 14.0 months of supply — a slower-moving market.
0% 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 19.4% — a mixed stability profile.
versus the prior ACS vintage
ZCTA 72055, Arkansas County, AR
The area is subject to standard regional flood and storm risks common to the Arkansas Delta region.
The local economy is primarily agricultural with limited industrial development or major infrastructure projects currently reported.
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.
Local recreation is centered on rural outdoor activities, including proximity to the Arkansas River and regional hunting/fishing areas.
The rental market is limited in depth with low turnover and minimal institutional investor presence.
The economy is heavily reliant on the agricultural sector, specifically rice and soybean farming.
Transportation is primarily via state highways with no public transit infrastructure.
No major commercial or residential developments are currently reported for this ZIP.
The Arkansas County Assessor manages property valuations for tax purposes.
Parcels are subject to local school district and county-level tax levies.
Property insurance premiums are influenced by regional flood and wind exposure typical of the Arkansas River basin.
Data retrieved from Census Reporter ZCTA 72055 profile.
- Arkansas Post National Memorial4.87.5 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area ranked by popularity within the radius shown.
Provides regional access for fishing and boating.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.