The story of this market
The typical home in ZIP 72561 sells for about $495,000, or $215 per square foot.
Prices are up +4.2% from a year ago, so sellers still have some momentum. Homes take about 120 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $950 a month.
ZIP 72561 — Mount Pleasant
The housing market in 72561 is characterized by low transaction volume and stable, modest price growth. Inventory is limited, and the market remains primarily driven by local demand rather than speculative investment. Figures for specific metrics like price cuts and months of supply are estimated based on regional rural trends due to the lack of high-frequency MLS reporting for this specific ZIP.
This ZIP is best suited for those seeking rural, low-density living, including retirees or individuals looking for affordable land and housing away from urban centers.
Median prices moved up 4.2% year over year.
Homes spend a median of 120 days on market with 6.0 months of supply — a slower-moving market.
15% of listings have cut prices · homes sell at 96% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 4.2% · poverty 14.0% — 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 4.6%/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 3.6%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
ZCTA 72561, Izard County AR
Crime data for this rural area is not determinable through standard reporting, though it is generally characterized by low population density and minimal reported incidents.
Schools serving this area are part of rural district structures; specific performance ratings are not determinable at the ZIP level.
The area is subject to standard regional risks including severe thunderstorms and potential wind damage; flood risk varies by specific parcel location.
Economic momentum is limited, with the area primarily serving as a rural residential base with minimal new commercial development or major infrastructure projects.
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 by private vehicle, with residents traveling to nearby regional hubs for employment.
Recreation is centered on outdoor activities, including access to local rural landscapes and nearby natural areas.
The rental market is thin with limited inventory, primarily consisting of single-family homes rather than multi-family developments.
The local economy is primarily driven by agriculture, small-scale retail, and local services.
Transportation is entirely dependent on private vehicle use via state highway corridors.
There are no major commercial or residential developments currently approved or under construction in this ZIP.
The county appraisal district conducts periodic assessments based on market value for property tax purposes.
Parcels are served by local school districts and county-level utility and emergency service districts.
Property insurance availability is standard for rural Arkansas, with premiums influenced by regional weather risk profiles.
Net domestic migration is stable with minimal population fluctuation.
Arkansas utilizes a non-judicial foreclosure process for mortgages containing a power-of-sale clause.
Sellers are required to provide a property disclosure statement regarding the condition of the home.
Data retrieved from US Census Bureau ZCTA 72561 profiles.
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 green space.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.