The story of this market
The typical home in Craighead County, Arkansas sells for about $249,204, or $146 per square foot.
Prices are up +22.2% from a year ago, so sellers still have some momentum. Homes take about 71 days to sell, which is slow. Over the long run, values in this county have grown 97% since 2000. Last year 12 of 20 neighborhoods saw prices rise, so the story isn't the same street to street. The biggest natural hazard here is tornado, which FEMA rates very high. HUD's fair market rent for a two-bedroom is $1,079 a month.
HUD sets the fair market rent for a 2-bedroom at $1,079 a month. FEMA's National Risk Index rates overall hazard risk here as Relatively High.
Price climate
Every year of price change, 2000–2025
+0.4%
2025
Each stripe is one year's median price change across the area's census tracts (FHFA repeat-sales index). Deep blue is a strong gain year, red a falling year. Best: 2022 (+14.9%). Worst: 2014 (-0.3%). Hover to read a year.
Monthly price momentum
Home values since 2015
+2.7%
AR · past 12 months
Freddie Mac House Price Index, single-family homes, monthly through 2026-08. Each line starts at 100 in January 2015, so a reading of 180 means prices are up 80% since then.
Rent benchmark
Fair market rent by size
$1,418
3-bed / month
HUD Fair Market Rents, fiscal 2027, for this county. A typical rent for a modest unit, used to set housing-voucher payments.
Neighborhood price trend
Long-run price trend, 2000–2025
+0.4%
2025 change
FHFA repeat-sales index, median of 20 census tracts in this county (2000 = 100). Bars are each year's median change.
Natural hazard exposure
The area's risk shape
95
Relatively High
FEMA National Risk Index. Each spoke is a hazard ranked nationally, where 100 is the most exposed. Expected annual loss: $89,626,573.
Mortgage activity
Home lending in this county
84%
2019 approval rate
| Year | Applications | Loans made | Approval | Investor share | Median home value |
|---|---|---|---|---|---|
| 2018 | 5129 | 2842 | 82% | 22.9% | $135,000 |
| 2019 | 5573▲ | 3179▲ | 84%▲ | 19.4% | $155,000▲ |
CFPB Home Mortgage Disclosure Act records: every mortgage application reported by lenders for homes in this county. Approval rate is approved ÷ decided (withdrawn and incomplete files excluded). Investor share and home value are the median census tract.
Craighead County, Arkansas
Craighead County maintains steady residential real estate fundamentals driven by Jonesboro's position as the economic, medical, and educational anchor of Northeast Arkansas. Moderate inventory growth and reasonable days on market balance steady demand, keeping price trends constructive while preserving relative affordability.
No ARED distress-ledger coverage for this county yet — the foreclosure ingest rotates the national county directory, and filings appear here once the county's posted notices are read. Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.
Select a city to expand its ZIP intel reports beneath · 10 cities · 14 ZIP reports
Median prices moved up 0.1% year over year.
Homes spend a median of 132 days on market with 0.1 months of supply — a balanced-paced market.
0% of listings have cut prices · homes sell at 6.32% of asking — demand is holding steady.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 3.4% · poverty 16.8% — a stable, low-distress profile.
Deterministic aggregate of 14 researched ZIP reports — sales_count-weighted (population fallback); per point, children lacking the value or its weight are excluded. Tax rates, sentiment and context notes are tier-native and never roll.
Craighead County, Arkansas — researched county-level history with a deterministic 1 / 3 / 5-year projection
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 6.2%/yr trend — a deterministic estimate, not a published forecast or guarantee.
No researched properties in this county yet — the property base layer populates as property research runs, and each property feeds its ZIP's roll-up.
researched Sep 28
researched Sep 28
researched Sep 28
researched Sep 28
researched Sep 28
researched Sep 28
researched Sep 28
researched Sep 28
researched Sep 28
researched Sep 28
| 72401 | Jonesboro | $179,000 | $115 | -2.5% | 68 | 97.5% | 12% | 5.2 | 263 | $1,400 | researched Sep 28 |
| 72404 | Jonesboro | $299,900 | $145 | +2.1% | 37 | 98% | 0.8% | — | 283 | $1,428 | researched Sep 28 |
| 72405 | Jonesboro | $284,000 | $145 | +2.1% | 45 | 98.5% | 12% | 3.2 | 98 | $1,500 | researched Sep 28 |
| 72411 | Bay | $125,000 | $140 | +1.2% | 65 | 97.5% | 12% | 4.5 | 18 | $950 | researched Sep 28 |
| 72414 | Black Oak | — | — | — | — | — | — | — | — | — | researched Sep 28 |
| 72416 | Bono | $235,000 | $135 | — | 105 | — | — | — | 40 | $1,079 | researched Sep 28 |
| 72417 | Brookland | $200,000 | $147 | +5.2% | 15 | 98.5% | 8% | 2.1 | 12 | $1,275 | researched Sep 28 |
| 72419 | Caraway | $115,500 | $95 | -4.2% | 78 | 96.5% | 8.3% | 6 | 12 | $850 | researched Sep 28 |
| 72421 | Cash | $235,000 | $138 | +4.2% | 42 | 98.5% | 18% | 5.2 | 126 | $1,150 | researched Sep 28 |
| 72426 | Dell | $78,125 | — | — | — | — | — | — | — | $1,079 | researched Sep 28 |
Figures are each ZIP report's own latest research — the county roll-up aggregates them sales_count-weighted (population fallback); ZIPs cycle quarterly.
Craighead County experiences property and violent crime rates slightly higher than Arkansas state averages, largely driven by concentrated urban activity in Jonesboro, though rural communities across the county report lower incidence rates.
Public education is anchored by multiple well-regarded independent school districts including Brookland, Valley View, Nettleton, Westside, and Jonesboro, with top-tier campuses such as Valley View Intermediate frequently earning high regional ratings.
The county faces moderate riverine and flash flooding risks along the St. Francis and Cache River basins, alongside notable tornado and severe convective storm hazards typical of the Mississippi Delta transition zone.
Economic growth is anchored by Jonesboro as a regional trade, medical, and agricultural hub, driven by major employers like Arkansas State University, St. Bernards Healthcare, and food processing and industrial manufacturing facilities.
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.
Commuters travel predominantly by personal vehicle via US Highway 63 (Interstate 555) and Arkansas Highway 18 into Jonesboro's commercial and medical centers, with average commute times hovering around 20 minutes.
Outdoor and cultural amenities include Craighead Forest Park, Lake Frierson State Park to the north, Forrest L. Wood Crowley's Ridge Nature Center, and regional sporting and cultural events at Arkansas State University.
Residential permitting has sustained steady development in outer Jonesboro and Brookland, fueled by suburban single-family subdivision construction and expansion along major transportation corridors.
The local rental market is supported by a large university student demographic from Arkansas State University and regional medical professionals, maintaining steady occupancy across mid-tier multifamily complexes and single-family rentals.
Craighead County serves as Northeast Arkansas's primary economic engine, anchored by healthcare, higher education, agriculture, and diverse manufacturing facilities including food processing and packaging plants.
Transportation is built around Interstate 555 and Arkansas Highway 18, providing fast access through Jonesboro and connecting the county directly to Interstate 55 and the greater Memphis metropolitan area.
Municipal planning focuses on managing rapid northward suburban expansion toward Brookland and optimizing infrastructure around the southern and eastern commercial bypass corridors.
The Craighead County Assessor appraises properties based on fair market value with reappraisals conducted cyclically under state guidelines; taxes reflect a 20 percent assessment ratio applied against local taxing jurisdiction millages.
Parcels are subject to county, city, and individual public school district millage rates, along with local fire protection, drainage, and rural improvement district assessments where applicable.
Home insurance rates remain relatively manageable compared to coastal zones, though wind, hail, and convective storm coverage forms a significant component of policy premiums.
Craighead County continues to see positive net domestic migration within Arkansas, drawing residents from surrounding rural Delta counties seeking employment, medical care, and education.
Arkansas permits both judicial and non-judicial foreclosures under the statutory foreclosure process using deeds of trust, generally allowing streamlined timelines without mandatory post-sale redemption for standard non-judicial proceedings.
Arkansas follows caveat emptor principles tempered by common-law obligations to disclose known material latent defects, alongside statutory mandates for real estate licensees regarding property conditions.
The amenity base that shapes daily life and property demand in this county — what residents actually live with, and what the pipeline is adding.
A 692-acre city-owned park featuring a 60-acre fishing lake, camping, hiking/biking trails, and recreation facilities.
State-operated educational facility highlighting the distinct geology and wildlife of Crowley's Ridge.
Multi-purpose arena on the Arkansas State University campus hosting concerts, conferences, and collegiate athletic events.
Retrieved from U.S. Census Bureau QuickFacts and ACS county-level 5-year tables for Craighead County, AR.
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.
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 20% of full market value. Growth limitations do not apply to new construction or substantial improvements, and uncapping to full 20% market value occurs upon an arm's-length sale pursuant to Ark. Code Ann. § 26-26-1123.
Adopted via Ark. Const. amend. 79 (effective 2000) and codified at Ark. Code Ann. §§ 26-26-1120 through 26-26-1123.
applies when — Residential parcels bound by recorded covenants, conditions, and restrictions (CC&Rs) establishing a property owners association (POA) or homeowners association (HOA).
Binds title to mandatory common-expense assessments, architectural controls, and association bylaws. Because Arkansas lacks a dedicated standalone single-family HOA statutory code, associations incorporate and operate under the Arkansas Nonprofit Corporation Act (Ark. Code Ann. §§ 4-33-101 et seq.). Covenants running with the land grant the association power to place statutory/contractual assessment liens on defaulting parcels and pursue foreclosure under covenant terms.
Ark. Code Ann. §§ 4-33-101 et seq.; Horizontal Property Act (for condominiums) Ark. Code Ann. §§ 18-13-101 et seq.
applies when — Homestead parcel owned by an individual who is 65 years of age or older, or who is permanently and totally disabled.
Freezes the assessed taxable value of the homestead at the prevailing assessed value at the time the owner becomes eligible or purchases the property. The taxable assessed value remains fixed and does not rise with subsequent reassessments unless the property undergoes substantial improvement or changes ownership outside of exempt transfers.
Ark. Const. amend. 79, § 1; Ark. Code Ann. § 26-26-1120.
applies when — Parcel must be an owner-occupied single-family residence designated as the taxpayer's principal place of residence (homestead).
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). Credit is non-refundable and cannot reduce the net tax below zero.
Ark. Const. amend. 79, § 3; Ark. Code Ann. § 26-26-1118.
applies when — Applies to residential parcels where the lender elects judicial foreclosure in circuit court or where the security instrument lacks a power of sale.
Requires a civil complaint, judicial hearing, and entry of a foreclosure judgment followed by a commissioner's sale. Under Ark. Code Ann. § 18-49-106, mortgagors have a statutory one-year redemption period following a judicial foreclosure sale unless the right of redemption was expressly waived in the underlying mortgage instrument (which is common practice in commercial instruments but legally distinct in residential equity protections).
Ark. Code Ann. §§ 18-49-101 through 18-49-106.
applies when — Applies to residential parcels encumbered by a mortgage or deed of trust containing an express power-of-sale clause upon borrower default.
Enables non-judicial foreclosure without court intervention. Requires the mortgagee/trustee to record and mail a Notice of Default and Intention to Sell at least 60 days prior to the scheduled sale date, publish notice once a week for four consecutive weeks, and post notice at the courthouse and online. The borrower retains a statutory right of reinstatement by curing default up to the time of sale. Once the trustee's deed is executed upon sale, statutory post-sale redemption rights are fully extinguished.
Arkansas Statutory Foreclosure Act, Ark. Code Ann. §§ 18-50-101 et seq.
Imposes an ad valorem property tax based on a uniform statutory assessment ratio of 20% of true market value. Tax Calculation Formula: Assessed Value = Appraised Market Value * 0.20; Gross Tax = Assessed Value * (Total Millage Rate / 1,000); Net Tax Due = Gross Tax - Applicable Credits. Millage includes a mandatory statewide minimum 25 mills Uniform Rate of Tax (URT) for school maintenance and operations under Ark. Const. art. 14, plus local county, municipal, and voter-approved millages.
Codified under Ark. Const. art. 14, art. 16, § 5; Ark. Code Ann. §§ 26-24-104, 26-26-303, and 26-26-1201.
applies when — Parcels situated within incorporated municipal boundaries, extraterritorial planning jurisdictions, or counties with active planning commissions.
Submits residential parcels to police power land-use controls, setback requirements, density maximums, building height caps, and subdivision dedication mandates established by local planning commissions pursuant to state enabling acts. Municipalities may enforce zoning and subdivision controls within up to 5 miles of their corporate limits (extraterritorial jurisdiction).
Ark. Code Ann. §§ 14-56-401 et seq. (Municipal Planning) and §§ 14-17-201 et seq. (County Planning).
Arkansas adheres to the common law doctrine of 'caveat emptor' (buyer beware) for unrepresented private sellers, meaning there is no state statutory requirement forcing a seller to provide a formal written property condition disclosure. However, if a licensed real estate broker or salesperson is involved in the transaction, Arkansas Real Estate Commission (AREC) regulations require affirmative disclosure of all known material adverse facts and defects affecting the property, and common law bars fraudulent concealment or active misrepresentation by sellers.
Arkansas Real Estate Commission Regulations; common law caveat emptor doctrine reaffirmed in AREC published guidance.
applies when — Homestead parcel owned by a veteran certified by the U.S. Department of Veterans Affairs as 100% totally and permanently service-connected disabled, or an un-remarried surviving spouse/minor children.
Provides a 100% exemption from all ad valorem real property taxes on the principal homestead. Formula: Net Ad Valorem Tax Due = $0.00.
Ark. Code Ann. § 26-3-306.
Governance registry — every jurisdiction re-researches on a rolling 90-day cycle. Property reports compose these inherited burdens into a per-parcel ledger with conditional determinations. Informational only — not legal advice.