The story of this market
The typical home in ZIP 72412 sells for about $155,000, or $105 per square foot.
Prices are up +2.1% from a year ago, so sellers still have some momentum. Homes take about 68 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $850 a month.
ZIP 72412 — Beech Grove
The housing market in 72412 remains stable with low inventory and modest price appreciation. Activity is driven by local demand and the proximity to Paragould's employment base, with limited new construction impacting supply.
This ZIP is best suited for local families and individuals seeking rural or semi-rural living with proximity to the services and employment hubs of Paragould.
Median prices moved up 2.1% year over year.
Homes spend a median of 68 days on market with 4.2 months of supply — a balanced-paced market.
8% of listings have cut prices · homes sell at 97.5% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 3.8% · poverty 11.2% — a stable, low-distress 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 5.0%/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 4.9%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
ZCTA 72412, Greene County AR
The area is served by the Paragould School District, which generally maintains a stable reputation within the regional context of Greene County.
The area is located near the Cache River, presenting localized flood risks in low-lying zones; standard property insurance is available but subject to regional hazard assessments.
Economic momentum is primarily driven by agricultural operations and proximity to the industrial and retail base of Paragould.
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 by personal vehicle to Paragould or Jonesboro for employment; there is no public transit infrastructure.
Recreational opportunities are centered on outdoor activities along the Cache River and local community parks in nearby Paragould.
The rental market is characterized by low inventory and steady demand from local workers, with limited turnover in single-family housing stock.
The economy is anchored by agriculture and the manufacturing and retail sectors located in the nearby city of Paragould.
Transportation is entirely dependent on the regional highway network, primarily US-412 and local county roads.
Development is largely limited to residential infill and agricultural land use changes.
The Greene County Assessor manages property valuations based on annual market analysis and state-mandated reappraisal cycles.
Parcels are subject to the Paragould School District and local county-wide service districts.
Property insurance premiums are influenced by regional flood risk and the proximity to emergency services in Paragould.
Arkansas is a non-judicial foreclosure state, allowing for relatively efficient processing of defaulted mortgages.
Arkansas law requires sellers to provide a property disclosure form, though the scope is limited compared to other states.
Data retrieved from data.census.gov ZCTA 72412 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.
- Paragould Community Center4.513.1 mi
- Crowley's Ridge Raceway4.812.3 mi
- Collins Theatre4.813.5 mi
- Lake Frierson State Park4.612.5 mi
- Reynolds Park4.510.8 mi
- Let's Roll Paragould4.611.5 mi
- Wings of Honor Museum4.913.1 mi
- Crowley's Ridge State Park4.77.8 mi
- Lake Frierson State Park4.612.5 mi
- Reynolds Park4.510.8 mi
- Belk4.111.8 mi
- The Front Porch Flea Market4.710.5 mi
- West Pointe Shopping Center4.211.6 mi
- Town West Shopping Center4.311.7 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
Provides significant recreational access for fishing and outdoor activities.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.