The story of this market
The typical home in ZIP 72450 sells for about $169,100, or $105 per square foot.
Prices are up +3.2% 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 $914 a month.
ZIP 72450 — Paragould
The housing market in 72450 remains stable with steady demand for single-family homes, supported by a consistent local economy. While inventory levels are moderate, the market is characterized by balanced conditions between buyers and sellers. Price growth remains modest, reflecting the area's affordability and steady population trends.
This ZIP is well-suited for families and long-term residents seeking an affordable, quiet community with access to essential services. It is less attractive to high-density urban commuters but offers a stable environment for those working in the local regional economy.
Median prices moved up 3.2% year over year.
Homes spend a median of 68 days on market with 4.1 months of supply — a balanced-paced market.
12% 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 18.0% — 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 4.3%/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 3.7%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
net influx — more people moved in than out
ZCTA 72450, Greene County AR
Crime rates in Paragould are generally consistent with regional averages for northeast Arkansas, with property crime being the primary concern. Local law enforcement maintains active community outreach programs to address safety trends.
The area is served by the Paragould School District, which offers a range of public elementary, middle, and high school options. Schools are generally characterized as stable, with community-focused extracurricular programs.
The region is primarily at risk for severe thunderstorms and occasional tornado activity common to northeast Arkansas. Flood risk is localized to specific low-lying areas near regional waterways.
Economic momentum is driven by local manufacturing, retail, and healthcare sectors. Infrastructure improvements are focused on maintaining connectivity to the broader Jonesboro-Paragould corridor.
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.
Commuting is primarily car-dependent, with straightforward access to major local thoroughfares. Most residents commute within the immediate Paragould area or to nearby Jonesboro for employment.
The area features several local parks, community sports complexes, and proximity to regional outdoor recreation. Shopping and dining are concentrated along the main commercial corridors within the city.
The rental market is characterized by moderate demand and stable vacancy rates. Investors maintain a presence in the single-family rental segment, with rents remaining affordable relative to state averages.
The economy is anchored by manufacturing, retail trade, and healthcare services. It serves as a regional hub for Greene County.
Transportation is dominated by private vehicle use, with well-maintained highway access connecting to Jonesboro and other regional centers.
Development is focused on incremental residential expansion and commercial infill along major arterial roads.
The Greene County Assessor manages property valuations, with assessments typically updated to reflect market value trends.
Parcels are subject to standard county and city tax levies, with specific school district millage rates applied.
Property insurance premiums are influenced by regional weather patterns, including wind and hail risk common to the area.
The area experiences modest net domestic migration, driven by individuals seeking affordable housing and a lower cost of living.
Arkansas operates as a non-judicial foreclosure state, allowing for efficient processing of defaults under state statutes.
Sellers are required to provide a property disclosure statement regarding the condition of the home, though the state is generally caveat emptor.
Data retrieved from US Census Bureau ZCTA 72450 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.
- First National Bank Arena4.417.1 mi
- Golden Corral Buffet & Grill3.918.7 mi
- Centennial Bank Stadium4.716.8 mi
- Paragould Community Center4.52.8 mi
- Native Brew Works4.819.5 mi
- Reynolds Park4.53 mi
- Let's Roll Paragould4.62.3 mi
- Harmon Park4.31.4 mi
- Paragould Parks & Recreation4.62.7 mi
- University Museum4.717.7 mi
- Crowley's Ridge State Park4.79.8 mi
- Reynolds Park4.53 mi
- Harmon Park4.31.4 mi
- Paragould Labor Park Center4.20.8 mi
- Marmaduke Community Center4.411.3 mi
- Belk4.12 mi
- 7 Acres Flea Market4.12.4 mi
- The Front Porch Flea Market4.75.6 mi
- 412 Flea Market4.20.7 mi
- West Pointe Shopping Center4.22.2 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
A central community park offering green space and recreational facilities.
Provides indoor athletic facilities and community programming.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.