The story of this market
The typical home in ZIP 72503 sells for about $249,000, or $135 per square foot.
Prices are down 3.42% 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 $725 a month.
ZIP 72503 — Batesville
The housing market in 72503 is currently stable, with a median listing price of $249,000 and a cooling trend in year-over-year pricing. Inventory remains limited, and the rental market is characterized by consistent demand and affordability. Market conditions are driven by local employment stability in healthcare and manufacturing rather than speculative growth.
This ZIP is well-suited for families and local professionals seeking an affordable cost of living, access to regional healthcare jobs, and a small-town community atmosphere.
Median prices moved down 3.4% year over year.
Homes spend a median of 68 days on market with 4.2 months of supply — a balanced-paced market.
18% of listings have cut prices · homes sell at 97.5% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 4.1% · poverty 14.8% — 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 6.2%/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 3.4%/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 72503, Independence County AR
Crime rates in the Batesville area are generally consistent with regional averages for small-city Arkansas, with property crime being the primary reported concern.
Schools serving the 72503 area are part of the Batesville School District, which maintains a stable reputation within the region for its academic and extracurricular programs.
The area is subject to standard regional risks including severe thunderstorms and occasional tornado activity; flood risk is localized to specific low-lying areas near the White River.
Economic momentum is driven by the healthcare, manufacturing, and education sectors, with Lyon College and local medical facilities serving as major regional anchors.
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 most residents traveling within the city of Batesville or to nearby industrial hubs via local highways.
The area features access to the White River for fishing and boating, several municipal parks, and proximity to the Ozark foothills for outdoor recreation.
The rental market is characterized by stable demand and limited inventory, with rents remaining relatively affordable compared to larger Arkansas metros.
The economy is anchored by healthcare services, manufacturing, and higher education, with Lyon College and White River Health being significant employers.
Transportation is dominated by private vehicle use; the area is served by a network of state highways connecting to the broader Independence County region.
Development is focused on infrastructure improvements and small-scale residential expansion on the city's periphery.
Independence County utilizes a mass appraisal system to determine property values for tax purposes, with periodic reassessments.
Parcels are subject to school district taxes and county-wide levies for public services and emergency management.
Property insurance premiums are influenced by regional weather patterns, including wind and hail risk common in North Central Arkansas.
Arkansas has experienced modest net domestic migration gains, with smaller regional hubs like Batesville attracting residents from rural areas.
Arkansas is a non-judicial foreclosure state, allowing for relatively efficient processing of defaulted mortgages.
Arkansas law requires sellers to provide a property disclosure form, though the scope of mandatory disclosures is limited compared to other states.
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.
Features river access and walking trails.
Provides fitness facilities and aquatic center.
Showcases local history and culture.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.