The story of this market
The typical home in ZIP 72631 sells for about $349,950, or $205 per square foot.
Prices are up +2.5% from a year ago, so sellers still have some momentum. Homes take about 88 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $1,250 a month.
ZIP 72631 — Holiday Island
The housing market in 72631 remains stable with steady demand for both primary residences and vacation properties. Prices have seen modest year-over-year growth, supported by limited inventory and the area's appeal as a tourist destination. While sales volume is moderate, the market is balanced by a consistent influx of buyers seeking the unique lifestyle offered by the Ozarks.
This ZIP is ideal for retirees, remote workers seeking a scenic lifestyle, and investors interested in the vacation rental market. It is less suitable for daily commuters to major corporate hubs due to the significant drive time.
Median prices moved up 2.5% year over year.
Homes spend a median of 88 days on market with 6.2 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 4.1% · poverty 11.5% — 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 8.7%/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 6.5%/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 72631, Carroll County AR
Crime rates in Eureka Springs are generally lower than the national average, with property crime being the most frequently reported incident type. The area is considered safe for residents and tourists alike compared to larger regional urban centers.
Schools serving the area are part of the Eureka Springs School District, which maintains a small-town educational environment with moderate performance ratings. The district is noted for its focus on community-integrated learning.
The region faces moderate risks from severe thunderstorms and occasional flash flooding in low-lying areas near the White River and Beaver Lake. Property insurance premiums are influenced by these environmental factors and the hilly, forested terrain.
Economic momentum is driven primarily by the tourism and hospitality sectors, with limited large-scale industrial development. Infrastructure improvements are focused on maintaining the historic character of the city while supporting seasonal visitor traffic.
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 from 72631 typically involves driving along winding state highways to reach employment hubs in Rogers or Bentonville, often requiring 45 to 60 minutes. Public transit options are extremely limited, making personal vehicle ownership essential.
The area is a premier destination for outdoor recreation, featuring immediate access to Beaver Lake, Table Rock Lake, and numerous hiking and mountain biking trails. The historic downtown district offers unique shopping, dining, and cultural arts venues.
The rental market is heavily influenced by the tourism industry, with a significant portion of inventory utilized for short-term vacation rentals. Long-term rental availability is tight, leading to upward pressure on monthly rates.
The economy is anchored by tourism, hospitality, and local retail services. There is minimal large-scale corporate presence, with most employment provided by small businesses and the service sector.
Transportation is dominated by private vehicle use on state highways. There is no significant public transit infrastructure serving the area.
Development is largely limited to infill projects and small-scale residential expansions. There are no major regional infrastructure projects currently slated for the immediate ZIP area.
The Carroll County Assessor manages property valuations, typically reassessing properties on a cyclical basis to reflect market changes.
Parcels may be subject to local school district taxes and specific utility district assessments in the Holiday Island area.
Property insurance markets are stable but sensitive to wildfire and storm risks common in the Ozark region.
The state has experienced net positive domestic migration, driven by individuals moving from higher-cost states to the Northwest Arkansas region.
Arkansas is a non-judicial foreclosure state, allowing for relatively efficient processing of defaults under the power of sale clause in deeds of trust.
Sellers are required to provide a property disclosure statement, though the scope is generally limited compared to other states.
Data retrieved from data.census.gov 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.
Major reservoir offering boating, fishing, and swimming.
Victorian-era downtown with unique boutiques and restaurants.
Large park with hiking trails and a spring-fed lake.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.