The story of this market
The typical home in ZIP 72074 sells for about $184,889, or $112 per square foot.
Prices are down 7.6% from a year ago, which gives buyers more room to negotiate. Homes take about 68 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $1,150 a month.
ZIP 72074 — Hunter
The housing market in 72543 is currently experiencing a cooling trend, evidenced by a year-over-year decline in median sale prices and a moderate increase in days on market. Demand remains steady for recreational and retirement properties, but broader economic factors are tempering price growth. Inventory levels are sufficient to meet current demand, leading to a balanced market environment.
This ZIP is ideal for retirees, outdoor enthusiasts, and families seeking a slower pace of life near major water amenities. It is less suited for those requiring proximity to major metropolitan employment cores.
Median prices moved down 7.6% year over year.
Homes spend a median of 68 days on market with 6.2 months of supply — a balanced-paced market.
13% of listings have cut prices · homes sell at 97.2% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 4.2% · poverty 14.5% — 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 3.8%/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 3.7%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
net influx — more people moved in than out
ZCTA 72543, Cleburne County AR
Crime rates in the area are generally lower than the national average, with property crime being the primary concern. Local law enforcement maintains a stable presence, and the area is considered safe relative to larger urban centers in Arkansas.
Schools serving the area are part of the Heber Springs School District, which is generally characterized as providing a stable, community-focused educational environment with average performance metrics.
The area faces moderate wildfire risk, particularly during dry summer months, and is subject to occasional severe weather events including high winds and localized flooding near the Little Red River.
Economic momentum is driven by tourism, outdoor recreation, and local services, with the city serving as a regional hub for Cleburne County. Development is focused on maintaining the area's appeal as a retirement and vacation destination.
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.
Commuting is primarily car-dependent, with residents typically driving to local employment centers in Heber Springs or commuting to larger hubs like Searcy or Little Rock via state highways.
The area is a premier destination for outdoor recreation, featuring Greers Ferry Lake, the Little Red River for trout fishing, and numerous hiking trails. Shopping and dining are concentrated in the historic downtown area.
The rental market is characterized by steady demand from seasonal workers and retirees, with limited new multi-family construction keeping vacancy rates relatively low.
The economy is anchored by tourism, healthcare, and public administration. Major employers include the local school district, regional medical facilities, and hospitality businesses serving the lake area.
Transportation is dominated by private vehicle use on state highways; there is no significant public transit infrastructure.
Development is primarily focused on small-scale residential infill and improvements to recreational infrastructure around the lake.
The Cleburne County Assessor manages property valuations, with assessments typically updated on a cyclical basis to reflect market value changes.
Parcels are subject to school district taxes, county general funds, and specific utility district assessments for water and sewer services.
Property insurance premiums are influenced by wildfire risk and severe weather exposure, with many carriers requiring specific mitigation measures.
Arkansas is a non-judicial foreclosure state, allowing for relatively efficient processing of defaults through a trustee sale process.
Sellers are required to provide a property disclosure statement, though the scope is generally limited compared to other states.
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.
A major recreational lake offering boating, fishing, and swimming.
Renowned for world-class trout fishing.
Historic district with local boutiques and restaurants.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.