The story of this market
The typical home in ZIP 71851 sells for about $155,000, or $108 per square foot.
Prices are up +2.1% from a year ago, so sellers still have some momentum. Homes take about 92 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $850 a month.
ZIP 71851 — Mineral Springs
The housing market in 71851 remains stable with low inventory and modest price appreciation. Market activity is limited, reflecting the rural nature of the area, with demand primarily driven by local residents. No significant new developments are currently impacting the market.
This ZIP is best suited for budget-conscious buyers, retirees, or those seeking a quiet, rural lifestyle with lower costs of living compared to urban centers.
Median prices moved up 2.1% year over year.
Homes spend a median of 92 days on market with 6.0 months of supply — a balanced-paced market.
8% 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 5.4% · poverty 16.2% — 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 5.6%/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 3.4%/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 71851, Little River County AR
Crime rates in the area are generally low and consistent with rural Arkansas trends, with property crime being the primary concern.
Schools serving the area are part of the local district, which provides standard public education services typical of rural southwestern Arkansas.
The area is subject to standard regional risks including severe thunderstorms and occasional flooding in low-lying zones near local waterways.
Economic momentum is modest, driven primarily by local agriculture, timber, and small-scale service industries 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.
Recreational opportunities include access to local parks, nearby fishing spots, and community-based outdoor activities typical of the region.
The rental market is characterized by low inventory and steady demand, primarily serving local workers and long-term residents.
The local economy is anchored by agriculture, forestry, and small-scale retail, with limited industrial diversification.
Transportation is entirely reliant on private vehicles, with no public transit infrastructure available in the area.
There are no major commercial or residential developments currently approved or under construction in this ZIP.
The Little River County Assessor manages property valuations, focusing on agricultural and residential land assessments.
Parcels are subject to standard county and school district tax levies, with no significant MUD or PID presence.
Property insurance premiums are influenced by regional weather risks, including wind and hail exposure common in southwestern Arkansas.
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.
- Millwood State Park4.612.1 mi
- COTTONSHED PARK (AR)4.64.4 mi
- Ka-Do-Ha Indian Village Museum4.419.1 mi
- Millwood State Park4.612.1 mi
- COTTONSHED PARK (AR)4.64.4 mi
- Beards Bluff on Millwood Lake4.69.7 mi
- Millwood Golf and RV Resort4.210.3 mi
- Texarkana Regional Airport3.927.7 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
Provides local outdoor space for community recreation and gatherings.
Serves as a hub for local events and community services.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.