The story of this market
The typical home in ZIP 72391 sells for about $169,000, or $98 per square foot.
Prices are down 7.5% 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 $950 a month.
ZIP 72391 — West Ridge
The housing market in 72301 is currently experiencing a cooling phase with year-over-year price declines and rising inventory levels. High interest rates and local economic headwinds are contributing to a slower sales pace and increased pressure on sellers to adjust pricing. Market conditions remain challenging for buyers due to affordability constraints, while investors are monitoring the area for potential rental yield opportunities.
This ZIP is well-suited for commuters working in the Memphis metro area and budget-conscious families seeking affordable housing options near major transportation corridors.
Median prices moved down 7.5% year over year.
Homes spend a median of 62 days on market with 4.2 months of supply — a balanced-paced 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 8.2% · poverty 28.5% — 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 8.1%/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 2.1%/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 72301, Crittenden County AR
Crime rates in the West Memphis area remain higher than the national average, with property crime being the most frequently reported issue.
Schools in the West Memphis School District generally receive lower performance ratings compared to state averages, with ongoing efforts to improve student outcomes.
The area is located in a region with moderate flood risk due to its proximity to the Mississippi River, requiring standard flood insurance considerations for many properties.
Economic momentum is driven by logistics and distribution centers due to the city's strategic location at the intersection of major interstate highways.
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 commute via I-55 and I-40, providing direct access to the Memphis, Tennessee employment core, typically within a 15-20 minute drive.
Local amenities include Tilden Rodgers Park and various community centers, with proximity to the Mississippi River for outdoor activities and basic retail shopping along Broadway.
The rental market is characterized by high demand for affordable housing, with a significant portion of the population living in renter-occupied units.
The economy is heavily anchored by the logistics, warehousing, and transportation sectors, leveraging the city's position as a regional distribution hub.
The area is served by major interstate highways I-55 and I-40, which are critical for regional freight and commuter traffic.
Development is focused on industrial expansion and commercial revitalization along the main thoroughfares.
The Crittenden County Assessor manages property valuations, with assessments typically updated on a cyclical basis.
Parcels are subject to West Memphis School District taxes and various county-level service district levies.
Property insurance premiums are influenced by regional flood risk and the proximity to the New Madrid Seismic Zone.
Data retrieved from data.census.gov ZCTA 72301 profile.
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 WMA4.59.5 mi
- Johnny Cash Boyhood Home4.76.9 mi
- Hampson Archeological Museum State Park4.714.7 mi
- St. Francis Sunken Lands WMA4.59.5 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
The city's primary recreational space featuring sports fields and walking paths.
Provides local workforce training and higher education opportunities.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.