The story of this market
The typical home in ZIP 72583 sells for about $175,000, or $112 per square foot.
Prices are down 50% from a year ago, which gives buyers more room to negotiate. Homes take about 163 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $850 a month.
ZIP 72583 — Viola
The housing market in 72583 is characterized by low inventory and slow sales velocity, typical of a rural market. Prices have remained relatively stable, though the small number of transactions makes the market sensitive to individual sales. Buyers in this area prioritize affordability and space over proximity to urban employment centers.
This ZIP is best suited for those seeking a quiet, rural lifestyle, including retirees and individuals looking for affordable housing away from urban centers.
Median prices moved down 50.0% year over year.
Homes spend a median of 163 days on market with 2.5 months of supply — a balanced-paced market.
40% of listings have cut prices · homes sell at 98% of asking — demand is holding steady.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 4.5% · 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 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 6.4%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
ZCTA 72583, Fulton County AR
The area is served by the Fulton County R-1 School District, which maintains a moderate performance rating.
The local economy is primarily rural and agricultural with limited large-scale industrial 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.
Residents typically rely on personal vehicles for travel, with longer commute times to regional employment hubs.
The area features access to rural outdoor recreation, including local parks and proximity to natural landscapes in the Ozarks.
The rental market is limited in depth, primarily consisting of single-family homes with low turnover.
The economy is driven by agriculture, small-scale retail, and local government services.
Transportation is entirely dependent on private vehicle use via state highway corridors.
No major commercial or residential developments are currently reported for this rural ZIP.
Fulton County Assessor manages property valuations based on state-mandated assessment cycles.
Parcels are subject to Fulton County R-1 School District taxes and county-wide levies.
Property insurance premiums are influenced by rural fire protection ratings and regional weather risks.
Arkansas is a non-judicial foreclosure state.
Sellers are required to provide a property disclosure form detailing known material defects.
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.
Local community park providing basic recreational space.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.