The story of this market
The typical home in ZIP 72538 sells for about $145,000, or $108 per square foot.
Prices are up +2.1% from a year ago, so sellers still have some momentum. Homes take about 62 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $850 a month.
ZIP 72538 — Gepp
The housing market in 72538 remains stable with modest price appreciation and low inventory levels. Market activity is driven by local demand rather than speculative investment, resulting in a slow but steady pace of sales.
This ZIP is best suited for retirees, local workers, and those seeking an affordable, quiet rural lifestyle with proximity to outdoor recreation.
Median prices moved up 2.1% year over year.
Homes spend a median of 62 days on market with 3.4 months of supply — a fast-moving 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 5.1% · poverty 16.8% — 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 4.4%/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 3.5%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
net outflow — more people moved out than in
ZCTA 72538, Independence County AR
Crime rates in this rural area are generally lower than the national average, with property-related incidents being the most common reports.
Schools serving this ZIP are part of a small rural district, typically characterized by smaller class sizes and limited extracurricular offerings compared to larger suburban districts.
The area is subject to standard regional risks including seasonal severe thunderstorms and potential for localized flooding in low-lying areas near creeks.
Economic momentum is modest, driven primarily by local agriculture, timber, and small-scale retail, with limited new large-scale commercial development.
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 car-dependent, with residents traveling to nearby regional hubs for employment via state highways.
Recreation is centered on outdoor activities, including access to nearby national forest lands, fishing, and local community parks.
The rental market is limited in depth, consisting mostly of single-family homes and small multi-family units with low turnover rates.
The local economy is anchored by agriculture, forestry, and small-town service industries, with limited industrial diversification.
Transportation is entirely reliant on private vehicles, with no public transit infrastructure available.
There are no major commercial or residential developments currently approved or under construction in this ZIP.
The Independence County Assessor manages property valuations, with periodic reappraisals conducted to align with market values.
Parcels are subject to standard county and school district taxes, with no significant MUD or PID presence.
Property insurance premiums are influenced by regional wildfire and storm risk, remaining relatively stable compared to coastal markets.
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.
Provides extensive hiking, hunting, and outdoor recreation access.
Major regional waterway used for fishing and boating.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.