The story of this market
The typical home in ZIP 72401 sells for about $179,000, or $115 per square foot.
Prices are down 2.5% from a year ago, which gives buyers more room to negotiate. Homes take about 68 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $1,400 a month.
ZIP 72401 — Jonesboro
The 72401 housing market remains accessible with a median listing price of $179,000, reflecting a stable but slow-moving environment. Inventory levels are sufficient to meet current demand, though year-over-year price growth has softened. The market is primarily driven by local employment in healthcare and education, maintaining steady rental demand.
This ZIP is well-suited for first-time homebuyers, students, and medical professionals seeking proximity to the city's primary employment and educational hubs.
Median prices moved down 2.5% year over year.
Homes spend a median of 68 days on market with 5.2 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 6.7% · poverty 19.5% — a mixed stability 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 5.0%/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 3.7%/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 72401, Craighead County AR
Crime rates in Jonesboro are generally higher than the national average, with property crime being the most frequently reported issue in the 72401 area.
Schools serving the 72401 area are part of the Jonesboro Public Schools district, which maintains a mix of ratings across its elementary and secondary campuses.
The area is subject to standard regional risks including severe thunderstorms and occasional tornado activity, with flood risk concentrated in specific low-lying zones near local creeks.
Economic momentum is driven by the healthcare and education sectors, anchored by Arkansas State University and major regional medical centers.
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 most residents traveling within Jonesboro for employment; traffic is generally manageable compared to larger metropolitan areas.
The area features access to local parks such as Craighead Forest Park and various community centers, with shopping and dining concentrated along the Highland Drive corridor.
The rental market is characterized by steady demand from students and medical professionals, with a mix of single-family and multi-family inventory.
The economy is anchored by Arkansas State University, St. Bernards Healthcare, and NEA Baptist Memorial Hospital, creating a stable employment base.
Transportation is dominated by private vehicle use, with major corridors including US-63 and US-49 providing regional connectivity.
Ongoing infrastructure improvements focus on road widening and utility upgrades to support residential growth on the city's periphery.
The Craighead County Assessor manages property valuations, with assessments typically updated on a cyclical basis.
Parcels are subject to Jonesboro Public Schools district taxes and various municipal service assessments.
Property insurance premiums are influenced by regional weather patterns, including wind and hail risk common in Northeast Arkansas.
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.
A large municipal park offering trails, fishing, and camping.
The primary regional shopping destination serving the area.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.