The story of this market
The typical home in ZIP 72131 sells for about $259,922, or $110 per square foot.
Prices are up +3% from a year ago, so sellers still have some momentum. Homes take about 95 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $950 a month.
ZIP 72131 — Quitman
The 72131 housing market is a low-density, rural environment characterized by high vacancy rates and limited transaction volume. Prices have seen modest growth, but the market remains quiet with little new development activity. Investors should note the high vacancy and rural nature of the area, which may impact liquidity.
This ZIP is best suited for retirees or those seeking a quiet, rural lifestyle, as the market lacks the density and infrastructure typical of commuter-heavy or investor-focused urban areas.
Median prices moved up 3.0% year over year.
Homes spend a median of 95 days on market with 14.6 months of supply — a slower-moving market.
12% 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 6.0% · poverty 18.0% — a mixed stability profile.
versus the prior ACS vintage
ZCTA 72131, Arkansas
Schools serving the area are primarily managed by the Quitman School District, which provides rural educational services.
The area is subject to standard regional risks including severe thunderstorms and potential wind damage common to northern Arkansas.
Economic momentum is limited, characterized by a rural economy with low population density and minimal 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.
Commuting is primarily car-dependent, with residents typically driving to nearby employment hubs in larger regional centers.
The area offers access to rural outdoor activities, including proximity to Greers Ferry Lake and local park facilities.
The rental market is characterized by a high vacancy rate of approximately 23.6%, suggesting limited demand pressure.
The local economy is primarily rural, with employment centered around local services, agriculture, and small-scale retail.
Transportation is entirely reliant on private vehicle use via state highways; there is no public transit infrastructure.
There are no major large-scale commercial or residential developments currently reported for this ZIP.
Cleburne County Central Appraisal District manages assessments for the majority of the ZIP's land area.
Parcels are subject to local school district taxes and standard county-level levies.
Property insurance premiums are influenced by regional weather risks, including wind and storm exposure.
Data retrieved from US Census Bureau ZCTA 72131 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.
A major regional reservoir providing boating, fishing, and recreational opportunities.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.