The story of this market
The typical home in ZIP 71945 sells for about $220,000, or $115 per square foot.
Prices are up +2.5% from a year ago, so sellers still have some momentum. Homes take about 128 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $950 a month.
ZIP 71945 — Hatfield
The housing market in 71945 is characterized by low inventory and slow turnover, typical of a rural Arkansas community. Prices have seen modest appreciation, but the market remains highly sensitive to local economic conditions and interest rates. No major developments are currently impacting the area, keeping the market in a stable, neutral state.
This ZIP is best suited for retirees, outdoor enthusiasts, and families seeking an affordable, quiet rural lifestyle away from urban centers.
Median prices moved up 2.5% year over year.
Homes spend a median of 128 days on market with 8.0 months of supply — a slower-moving market.
12% of listings have cut prices · homes sell at 96% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 5.2% · poverty 14.0% — 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 7.2%/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 7.2%/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 71945, Polk County AR
Crime rates in Hatfield are generally low and consistent with rural Polk County trends, with property crime being the primary concern.
The area is served by the Hatfield School District, which maintains a small-town educational environment with limited extracurricular offerings compared to larger districts.
The region is subject to seasonal severe weather, including high winds and occasional flooding in low-lying areas near the Ouachita Mountains.
Economic momentum is modest, driven primarily by local agriculture, timber, and small-scale retail, with limited large-scale industrial 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.
Commutes are primarily car-dependent, with residents traveling to Mena or other regional hubs via US-71.
The area offers proximity to the Ouachita National Forest, providing extensive opportunities for hiking, hunting, and fishing.
The rental market is limited in depth, consisting mostly of single-family homes with low turnover and minimal short-term rental saturation.
The local economy is anchored by agriculture, timber production, and small-business services, with many residents commuting to nearby Mena for employment.
Transportation is entirely reliant on private vehicles, with US-71 serving as the primary corridor for regional access.
There are no major commercial or residential developments currently in the pipeline for this rural ZIP code.
The Polk County Assessor manages property valuations, typically reassessing on a cyclical basis to reflect market value changes.
Parcels are subject to local school district taxes and county-wide service levies.
Property insurance premiums are influenced by wildfire and wind risk, with availability generally stable but costs rising in line with regional trends.
Arkansas has seen modest net domestic migration gains, though rural areas like Polk County remain relatively stable in population.
Arkansas is a non-judicial foreclosure state, allowing for relatively efficient processing of defaults.
Sellers are required to provide a property disclosure statement, though the state is generally considered 'caveat emptor' regarding property condition.
Data retrieved from data.census.gov ZCTA 71945 profile.
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.
- Bethesda Lake Resort & Cabins510.5 mi
- Janssen Park4.511.9 mi
- Mena Silver Screen Theater4.311.6 mi
- Three Sticks Monument4.315.8 mi
- Janssen Park4.511.9 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area ranked by popularity within the radius shown.
Expansive public land for outdoor recreation.
Local community space for gatherings and play.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.