The story of this market
The typical home in ZIP 72370 sells for about $159,950, or $85 per square foot.
Prices are up +4.5% from a year ago, so sellers still have some momentum. Homes take about 112 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $814 a month.
ZIP 72370 — Osceola
The housing market in 72370 remains stable with limited inventory and modest price growth. Market activity is driven by local industrial employment, though affordability remains a challenge for many residents as indicated by high renter cost-burden rates. Figures for specific metrics like months of supply and price-cut percentages are based on current active listing data.
This ZIP is primarily suited for local workers in the manufacturing and agricultural sectors and budget-conscious families seeking affordable housing options in an established community.
Median prices moved up 4.5% year over year.
Homes spend a median of 112 days on market with 6.2 months of supply — a slower-moving market.
12% 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 7.5% · poverty 24.0% — 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 8.3%/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 4.3%/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 72370, Mississippi County AR
Crime rates in Osceola are generally higher than the national average, with property crime being the most frequently reported issue in the region.
Schools in the Osceola School District generally face challenges with academic performance metrics compared to state averages.
The area is located in a region with moderate flood risk near the Mississippi River and is subject to standard wind and storm insurance requirements for Arkansas.
Economic momentum is driven primarily by manufacturing and logistics sectors, with major employers including local steel and agricultural processing facilities.
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.
The average commute is approximately 18 minutes, with most residents traveling within Mississippi County for employment.
Local recreation includes access to Mississippi River-related outdoor activities, municipal parks, and community sports facilities within Osceola.
The rental market is characterized by a high demand for affordable housing, with the local housing authority managing a significant portion of the available inventory.
The economy is anchored by manufacturing, particularly steel production and agricultural processing, which serve as the primary employment drivers for the region.
Transportation is primarily reliant on personal vehicles, with access to major regional highways facilitating movement through Mississippi County.
Development is focused on maintaining existing infrastructure and supporting industrial expansion within the local manufacturing corridor.
The Mississippi County Assessor manages property valuations, utilizing a mass appraisal system to determine taxable values for residential and commercial parcels.
Parcels are subject to local school district taxes and county-wide levies for public services and infrastructure maintenance.
Property insurance premiums are influenced by regional flood risk and the prevalence of severe weather events common to Northeast Arkansas.
Data retrieved from US Census Bureau ZCTA 72370 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.
- Fort Pillow State Historic Park4.712 mi
- Hampson Archeological Museum State Park4.78.8 mi
- Lower Hatchie National Wildlife Refuge4.412.5 mi
- Johnny Cash Boyhood Home4.712.4 mi
- Fort Pillow State Historic Park4.712 mi
- Hampson Archeological Museum State Park4.78.8 mi
- Fort Pillow State Historic Park4.712 mi
- Lower Hatchie National Wildlife Refuge4.412.5 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 recreational facilities for residents.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.