The story of this market
The typical home in ZIP 72354 sells for about $135,000, or $88 per square foot.
Prices are down 3.6% from a year ago, which gives buyers more room to negotiate. Homes take about 62 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $850 a month.
ZIP 72354 — Lepanto
The housing market in 72354 is currently experiencing a period of price correction with low sales volume and limited inventory. Market conditions are driven by a stable but slow-growth local economy, resulting in a cautious sentiment among buyers and sellers. Figures for specific metrics like active inventory and days on market reflect a rural market with low turnover.
This ZIP is best suited for budget-conscious families and long-term residents seeking a quiet, rural lifestyle with low housing costs.
Median prices moved down 3.6% year over year.
Homes spend a median of 62 days on market with 4.7 months of supply — a balanced-paced market.
13% of listings have cut prices · homes sell at 96.2% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 6.2% · poverty 19.4% — a mixed stability 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 4.0%/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 3.0%/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 72354, Mississippi County AR
Crime rates in this rural area are generally lower than the national average, with property crime being the primary concern.
Schools serving this area are part of the local district, which generally receives average ratings for student performance and resources.
The area is subject to standard regional risks including severe thunderstorms and occasional flooding in low-lying zones.
Economic momentum is modest, driven primarily by local agriculture, small-scale retail, and regional logistics support.
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 employment hubs via state highways.
Local recreation is centered on outdoor activities, including access to nearby fishing, hunting, and community park facilities.
The rental market is characterized by limited inventory and stable demand, primarily serving local workers and long-term residents.
The economy is heavily influenced by the agricultural sector and regional manufacturing plants located in Mississippi County.
Transportation is almost exclusively via private vehicle, with no significant public transit infrastructure available.
There are no major large-scale commercial or residential developments currently approved or under construction in this ZIP.
The Mississippi County Assessor manages property valuations, typically reassessing on a multi-year cycle.
Parcels are subject to standard county and school district tax levies, with no major MUD or PID districts reported.
Property insurance premiums are influenced by regional weather risks, including wind and hail exposure common in the Mississippi Delta.
Net domestic migration has been relatively flat, with a slight trend toward out-migration common in rural Arkansas.
Arkansas is a non-judicial foreclosure state, allowing for relatively efficient processing of defaulted mortgages.
Sellers are required to provide a property disclosure form detailing known material defects at the time of sale.
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.
- St. Francis Sunken Lands WMA4.511.2 mi
- Johnny Cash Boyhood Home4.75.8 mi
- Hampson Archeological Museum State Park4.715.6 mi
- St. Francis Sunken Lands WMA4.511.2 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 green space and community gathering areas.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.