The story of this market
The typical home in ZIP 72438 sells for about $81,000, or $58 per square foot.
Prices are up +2.5% 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 $650 a month.
ZIP 72438 — Leachville
The housing market in 72438 remains stable with low transaction volume and modest price appreciation. Market conditions are driven by a limited supply of homes and a steady, rural demographic base. Specific figures for active inventory and days on market are based on local real estate trends, while census data confirms the area's demographic profile.
This ZIP is best suited for local agricultural workers, retirees, and families seeking a low-cost-of-living rural environment with strong community ties.
Median prices moved up 2.5% year over year.
Homes spend a median of 112 days on market with 7.0 months of supply — a slower-moving market.
12% of listings have cut prices · homes sell at 94% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 5.8% · poverty 19.5% — 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 3.0%/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 3.2%/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 72438, Mississippi County AR
The area is served by the Buffalo Island Central School District, which provides rural public education for the community.
The region is located in a low-lying area of the Mississippi Delta, necessitating awareness of flood risks and standard property insurance coverage for wind and storm damage.
The local economy is primarily driven by agriculture and light manufacturing, with limited new commercial development activity.
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 to regional employment hubs in Jonesboro or Blytheville via state highways.
Local amenities include small community parks and proximity to rural outdoor spaces, with limited large-scale shopping or entertainment venues within the immediate ZIP.
The rental market is characterized by limited inventory and high demand for affordable housing, with a significant portion of stock managed by local housing authorities.
The economy is heavily reliant on the agricultural sector, including crop production and processing, supplemented by small-scale local retail and services.
Transportation is entirely dependent on private vehicle use via regional highway networks; there is no public transit infrastructure.
There are no major commercial or residential developments currently under construction or approved for the area.
The Mississippi County Assessor's office manages property valuations based on periodic reappraisals of real estate assets.
Parcels are subject to school district taxes for Buffalo Island Central and county-wide service levies.
Property insurance premiums are influenced by regional flood risk and the rural nature of the housing stock.
Arkansas is a non-judicial foreclosure state, allowing for efficient processing of defaults under the power of sale clause in deeds of trust.
Arkansas law requires sellers to provide a property disclosure statement, though the scope is limited compared to other states.
Data retrieved from US Census Bureau 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.
- Paragould Community Center4.517.2 mi
- Collins Theatre4.816 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
Local community park providing green space and recreational facilities.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.