The story of this market
The typical home in ZIP 71971 sells for about $220,000, or $114 per square foot.
Prices are down 55.9% from a year ago, which gives buyers more room to negotiate. Homes take about 105 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $950 a month.
ZIP 71971 — Umpire
The market in 71971 is currently experiencing significant volatility with a sharp year-over-year decline in median prices. Low sales volume and limited inventory suggest a stagnant environment where buyers are scarce and sellers face pressure. Investors should exercise caution due to the rural nature of the area and the lack of diverse economic drivers.
This ZIP is best suited for those seeking rural, low-cost living who are comfortable with significant commute times and limited local amenities.
Median prices moved down 55.9% year over year.
Homes spend a median of 105 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 4.5% · poverty 11.0% — a stable, low-distress profile.
versus the prior ACS vintage
ZCTA 71971, Howard County AR
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 face long commutes, with a mean travel time to work of approximately 33.3 minutes.
The area is rural with limited immediate access to major commercial shopping or entertainment districts within a 3-mile radius.
The rental market is characterized by low density and limited inventory, making it a niche market for local workers.
The local economy is primarily driven by agriculture and small-scale local services, with limited major industrial employers.
Transportation is entirely dependent on private vehicles due to the absence of public transit infrastructure.
There are no major commercial or residential developments currently reported for this rural ZIP code.
Howard County Central Appraisal District manages assessments based on market value, though rural property turnover is infrequent.
Parcels are subject to Howard County school district taxes and local utility district assessments.
Property insurance premiums are influenced by rural fire response times and regional weather patterns.
Data retrieved from Census Reporter and ACS 2024 ZCTA 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.
- Little Missouri Falls4.86.3 mi
- Daisy State Park4.710.9 mi
- Eagle Rock Loop4.83.4 mi
- Crooked Creek Falls4.76.3 mi
- Albert Pike Recreation Area4.72.7 mi
- Daisy State Park4.710.9 mi
- Eagle Rock Loop4.83.4 mi
- Shady Lake Recreation Area4.58.2 mi
- Self Creek Lodge and Marina4.79.9 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
Serves as a central community anchor for the rural population.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.