The story of this market
The typical home in ZIP 72545 sells for about $249,000, or $158 per square foot.
Prices are up +3.5% from a year ago, so sellers still have some momentum. Homes take about 78 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $1,150 a month.
ZIP 72545 — Heber Springs
The housing market in 72545 remains stable, driven by consistent demand for lake-adjacent properties and retirement living. While inventory is sufficient, price growth has moderated compared to the post-pandemic surge. The market is currently balanced, with steady interest from both local buyers and those relocating for the area's recreational amenities.
This ZIP is ideal for retirees, outdoor enthusiasts, and families seeking a slower pace of life with access to significant water-based recreation.
Median prices moved up 3.5% year over year.
Homes spend a median of 78 days on market with 5.5 months of supply — a balanced-paced market.
12% 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 14.8% — 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 7.0%/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 6.1%/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 72545, Cleburne County AR
Crime rates in Heber Springs are generally lower than the national average, with property crime being the most frequently reported incident type.
The area is served by the Heber Springs School District, which maintains a moderate rating and focuses on community-integrated education.
The region faces moderate risks from severe thunderstorms and occasional flooding near the Little Red River and Greers Ferry Lake.
Economic momentum is driven by tourism, outdoor recreation, and healthcare services, with steady but slow infrastructure 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 most residents working within the local Heber Springs area or commuting to nearby regional hubs.
The area is a major destination for outdoor recreation, featuring Greers Ferry Lake, the Little Red River for trout fishing, and numerous hiking trails.
The rental market is characterized by a mix of long-term residential leases and seasonal short-term rentals catering to lake tourism.
The economy is anchored by tourism, the Greers Ferry Lake recreation industry, and local healthcare providers.
Transportation is dominated by private vehicle use on state highways; there is no significant public transit infrastructure.
Development is largely focused on maintaining existing recreational infrastructure and small-scale residential expansion.
Cleburne County Assessor maintains property valuations based on periodic reappraisals to ensure equitable tax distribution.
Parcels are subject to school district taxes, county general funds, and specific municipal service districts.
Property insurance premiums are influenced by regional wildfire and storm risks, with standard coverage widely available.
Arkansas has seen net positive domestic migration, with retirees and remote workers moving to amenity-rich areas like Cleburne County.
Arkansas is a non-judicial foreclosure state, allowing for relatively efficient processing of defaulted mortgages.
Sellers are required to provide a property disclosure statement regarding known material defects.
Data retrieved from data.census.gov for ZCTA 72545.
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 massive reservoir offering boating, fishing, and swimming.
World-class trout fishing destination.
Popular camping and picnic area overlooking the lake.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.