The story of this market
The typical home in ZIP 72641 sells for about $236,517, or $135 per square foot.
Prices are down 4% from a year ago, which gives buyers more room to negotiate. Homes take about 112 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $850 a month.
ZIP 72641 — Jasper
The housing market in 72641 is currently characterized by low sales volume and high vacancy rates, reflecting its rural, slow-growth nature. Prices have seen a slight year-over-year decline, and the market is currently viewed with caution due to limited affordability and economic opportunities. Most data points are sourced from regional aggregates or modeled estimates due to the small size of the market.
This ZIP is best suited for retirees, outdoor enthusiasts, and those seeking a quiet, rural lifestyle, rather than commuters or investors looking for high-growth urban opportunities.
Median prices moved down 4.0% year over year.
Homes spend a median of 112 days on market with 6.0 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 16.8% — 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 5.6%/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 6.1%/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 72641, Newton County AR
Crime rates in Jasper are generally low and consistent with rural Ozark Mountain communities, though specific regional comparative data is limited.
The area is served by the Jasper School District, which provides a small-town educational environment with limited extracurricular offerings compared to larger urban districts.
The region faces moderate risks from severe thunderstorms and potential flash flooding in low-lying areas near the Buffalo National River; wildfire risk is elevated during dry summer months.
Economic momentum is primarily driven by tourism related to the Buffalo National River and local government services, with limited large-scale industrial or corporate development.
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 by private vehicle, with long drive times to major employment hubs like Harrison or Fayetteville via winding mountain highways.
The area is a gateway to the Buffalo National River, offering extensive hiking, canoeing, and scenic outdoor recreation; local amenities include small-town dining and historic downtown shops.
The rental market is characterized by low inventory and high vacancy rates, with limited professional management and a reliance on older, single-family housing stock.
The local economy is heavily reliant on tourism, agriculture, and public sector employment, with few large private-sector employers.
Transportation is entirely dependent on personal vehicles; there is no public transit infrastructure.
There are no major large-scale commercial or residential developments currently in the pipeline for this ZIP.
The Newton County Assessor manages property valuations, which are updated periodically based on market sales data.
Parcels are subject to Jasper School District taxes and county-wide levies for emergency services and road maintenance.
Property insurance premiums are rising due to regional wildfire and storm risks, though the market remains stable for standard residential coverage.
Data retrieved from US Census Bureau ZCTA 72641 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.
- The Oasis - Harrison's #1 Bar and Grill4.317.6 mi
- T's BBQ Voted “Best BBQ”4.318.5 mi
- Horseshoe Canyon Ranch4.83.5 mi
- Arkansas Grand Canyon4.84 mi
- Hemmed-In Hollow Falls4.87.4 mi
- Buffalo Outdoor Center4.77.6 mi
- Big Bluff Goat Trail4.96.9 mi
- Boxley Valley Historic District4.77.2 mi
- Granny Henderson Cabin3.66.8 mi
- Lost Valley Trailhead4.87.9 mi
- Hemmed-In Hollow Falls4.87.4 mi
- Twin Falls Trailhead4.75.4 mi
- Big Bluff Goat Trail4.96.9 mi
- Centerpoint Trailhead4.98.9 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
Provides world-class canoeing, hiking, and scenic vistas.
Features local cafes and small-town retail shops.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.