The story of this market
The typical home in ZIP 72521 sells for about $176,000, or $105 per square foot.
Prices are roughly flat from a year ago (+0.2%), a market in balance. Homes take about 51 days to sell. HUD's fair market rent for a two-bedroom is $750 a month.
ZIP 72521 — Cave City
The housing market in 72521 is characterized by flat appreciation and high vacancy rates, reflecting a stagnant rural economy. While purchase prices remain affordable, the lack of significant development and limited job growth contribute to a cautious outlook for potential investors.
This ZIP is best suited for budget-conscious local workers and retirees seeking affordable housing in a rural setting, rather than investors or commuters looking for high-growth urban amenities.
Median prices moved up 0.2% year over year.
Homes spend a median of 51 days on market with 5.2 months of supply — a balanced-paced 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 5.8% · poverty 19.2% — 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 0.5%/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 1.7%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
ZCTA 72521, Arkansas
Schools in the area are primarily served by the Cave City School District, which provides standard public education for the local population.
The area is subject to standard regional climate risks including severe thunderstorms and occasional tornado activity common to northern Arkansas.
Economic momentum is modest, with the local economy anchored by regional agriculture, small-scale manufacturing, and service-sector employment.
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 primarily rely on personal vehicles for commuting, with U.S. Highway 167 serving as the primary corridor for travel toward larger employment hubs like Batesville.
The area offers access to local parks and outdoor recreation typical of the Ozark foothills, with proximity to regional fishing and hiking opportunities.
The rental market is characterized by high vacancy rates and limited turnover, with a significant portion of the housing stock consisting of older single-family homes.
The local economy is driven by small-scale retail, local government services, and regional agricultural operations.
Transportation is almost exclusively automobile-dependent with no public transit infrastructure available.
Development activity is currently limited to small-scale residential infill and minor commercial improvements.
Parcels are subject to standard school district and county-level property tax levies.
Property insurance premiums are influenced by regional weather patterns and the age of the housing stock.
Data retrieved from U.S. 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.
Local community park providing green space and recreational facilities.
Primary commercial strip featuring local dining and essential retail services.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.