The story of this market
The typical home in ZIP 72632 sells for about $349,000, or $215 per square foot.
Prices are up +2.6% 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 72632 — Eureka Springs
The Eureka Springs housing market remains stable, characterized by low inventory and steady demand for historic and vacation-oriented properties. Prices have seen modest year-over-year growth, though the market is constrained by limited buildable land and the city's historic preservation mandates. Buyers should expect a competitive environment for well-maintained historic homes.
This ZIP is ideal for retirees, artists, and those seeking a historic, tourism-oriented lifestyle, though it presents challenges for commuters due to its remote, mountainous geography.
Median prices moved up 2.6% year over year.
Homes spend a median of 88 days on market with 8.2 months of supply — a slower-moving market.
13% of listings have cut prices · homes sell at 97.2% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 4.1% · poverty 15.8% — 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 6.9%/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 72632, Carroll County AR
Eureka Springs generally reports low violent crime rates compared to national averages, though property crime remains a localized focus for the historic district.
The area is served by the Eureka Springs School District, which maintains a small-town educational environment with moderate performance ratings.
The region is prone to flash flooding in low-lying areas near the historic downtown and faces moderate wildfire risk due to the surrounding Ozark forest terrain.
Economic momentum is driven primarily by tourism, arts, and hospitality, with limited large-scale industrial development in the immediate ZIP.
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 winding Ozark roads connecting residents to regional employment hubs in Berryville or Rogers.
The area is a major regional destination for outdoor recreation, featuring extensive hiking trails, Beaver Lake, Table Rock Lake, and the historic downtown shopping district.
The rental market is heavily influenced by short-term vacation rentals due to the city's tourism-based economy, creating tight supply for long-term residents.
The economy is anchored by the tourism and hospitality sectors, supported by a vibrant arts community and regional healthcare services.
Public transit is minimal; the area relies on private vehicle travel via US-62 and AR-23.
Development is strictly managed to preserve the historic character of the city, with limited new large-scale construction.
The Carroll County Assessor manages property valuations, with periodic reappraisals to reflect market shifts.
Parcels are subject to Eureka Springs School District and Carroll County general levies.
Property insurance premiums are rising due to regional wildfire and storm risks common in the Ozark plateau.
Arkansas has seen net positive domestic migration, with retirees and remote workers moving to the Ozarks.
Arkansas is a non-judicial foreclosure state, allowing for relatively efficient lender recovery processes.
Sellers are required to provide a property disclosure statement, though the state is generally caveat emptor.
Data retrieved from data.census.gov ZCTA 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.
Entire city listed on the National Register of Historic Places.
Major regional reservoir offering boating, fishing, and recreation.
Architecturally significant glass chapel set in the Ozark woods.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.