The story of this market
The typical home in ZIP 72442 sells for about $247,450, or $115 per square foot.
Prices are up +4.2% from a year ago, so sellers still have some momentum. Homes take about 108 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $792 a month.
ZIP 72442 — Manila
The housing market in 72442 is characterized by low sales volume and high vacancy rates, reflecting a slow-growth environment. While listing prices have seen modest appreciation, the market remains soft with significant supply relative to demand. Investors should note the high vacancy rate and limited rental yield potential in this area.
This ZIP is best suited for local families and workers seeking affordable housing in a quiet, small-town environment, rather than investors looking for high-yield rental opportunities.
Median prices moved up 4.2% year over year.
Homes spend a median of 108 days on market with 9.2 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 5.2% · poverty 14.0% — a stable, low-distress profile.
versus the prior ACS vintage
ZCTA 72442, Arkansas
Crime rates in Manila are generally lower than the national average, consistent with small-town Arkansas trends.
The area is served by the Manila School District, which maintains a stable reputation within the local region.
The region is subject to standard flood and wind risks common to the Mississippi Delta; property insurance remains available but premiums are sensitive to regional weather patterns.
Economic momentum is driven by local agricultural processing and manufacturing, with steady but modest 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.
Commutes are primarily car-dependent, with residents typically driving to nearby employment hubs in Jonesboro or Blytheville.
Local amenities include Big Lake National Wildlife Refuge nearby, providing outdoor recreation, alongside local parks and community facilities in Manila.
The rental market shows high vacancy pressure at 17.7%, with limited investor activity and a reliance on long-term residential leases.
The economy is anchored by agriculture, manufacturing, and local service industries, with significant employment ties to the broader Mississippi County region.
Transportation is primarily via state highways; there is no public transit infrastructure serving the area.
Development is currently limited to small-scale residential infill and local infrastructure maintenance.
The Mississippi County Assessor manages property valuations based on state-mandated assessment cycles.
Parcels are subject to Manila School District taxes and standard county-level service districts.
Property insurance markets are stable, though premiums are influenced by regional exposure to severe weather events.
Data retrieved from Census Bureau ZCTA profiles and Repit market reports.
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.
- Johnny Cash Boyhood Home4.719.5 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
A major regional attraction for birdwatching and outdoor recreation located near the ZIP.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.