The story of this market
The typical home in ZIP 72358 sells for about $184,000, or $114 per square foot.
Prices are up +56.06% from a year ago, so sellers still have some momentum. Homes take about 84 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $850 a month.
ZIP 72358 — Luxora
The housing market in ZIP 72438 is characterized by low inventory and modest price growth, reflecting a stable, rural agricultural economy. While median prices have risen, the market remains highly affordable compared to national averages. Current conditions are driven by limited new construction and a steady, albeit small, local population base.
This ZIP code is best suited for families and individuals seeking an affordable, rural lifestyle with a low cost of living, primarily those employed in the agricultural sector.
Median prices moved up 56.1% year over year.
Homes spend a median of 84 days on market with 3.2 months of supply — a balanced-paced market.
15% 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 5.2% · poverty 19.8% — 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 10.5%/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 10.7%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
ZCTA 72438, Mississippi County AR
The area is served by the Buffalo Island Central School District, which provides local public education for the community.
The region is located in a low-lying ecoregion with historical flood risks associated with the nearby Big Lake National Wildlife Refuge and channelized waterways.
The local economy is primarily driven by row agriculture and related support services, 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 primarily rely on personal vehicles for commuting, with Highway 18 serving as the main arterial route connecting to regional employment hubs.
Local recreation is centered on proximity to the Big Lake National Wildlife Refuge, which offers outdoor activities, while basic shopping and dining are available within the city limits.
The rental market is characterized by limited inventory and a mix of single-family homes and small-scale public housing programs.
The economy is heavily anchored in the agricultural sector, specifically row crop production, which dictates the local labor market and economic momentum.
Transportation is dominated by private vehicle use on state highways; there is no significant public transit infrastructure.
Development is largely focused on small-scale residential and agricultural support infrastructure with no major commercial projects currently reported.
The Mississippi County Assessor manages property valuations, utilizing a standard appraisal cycle for real estate tax purposes.
Parcels are subject to local school district taxes and county-level levies for public services.
Property insurance premiums are influenced by the area's flood risk profile and proximity to protected wetlands.
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.
- Emilee's Restaurant4.118.9 mi
- Fort Pillow State Historic Park4.711 mi
- Arkansas Welcome Center at Blytheville4.710.1 mi
- Fort Pillow State Historic Park4.711 mi
- Hampson Archeological Museum State Park4.718.1 mi
- Alex Haley Museum and Interpretive Center4.718.9 mi
- Fort Pillow State Historic Park4.711 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
A significant protected area preserving bottomland hardwood forest and riparian habitat.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.