The story of this market
The typical home in ZIP 72404 sells for about $299,900, or $145 per square foot.
Prices are up +2.1% from a year ago, so sellers still have some momentum. Homes take about 37 days to sell. HUD's fair market rent for a two-bedroom is $1,428 a month.
ZIP 72404 — Jonesboro
The 72404 housing market shows resilience with a median listing price of $299,900 and a stable year-over-year price increase. While inventory remains available, buyers are finding a market that is shifting toward more balanced conditions. Note that some specific metrics like months of supply were not available at the ZIP level and are omitted.
This ZIP is well-suited for families and local professionals seeking suburban housing options with proximity to regional employment and educational institutions.
Median prices moved up 2.1% year over year.
Homes spend a median of 37 days on market with 0.0 months of supply — a fast-moving market.
1% of listings have cut prices · homes sell at 98% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 3.5% · poverty 12.0% — a stable, low-distress profile.
versus the prior ACS vintage
ZCTA 72404, Craighead County, AR
Jonesboro serves as a regional hub for healthcare, education, and manufacturing in Northeast Arkansas, anchored by Arkansas State University and major 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.
The ZIP is primarily car-dependent with access to major regional corridors like US-63 and I-555 for commuting to Jonesboro's employment centers.
The area features access to local parks, community sports facilities, and proximity to Craighead Forest Park for outdoor recreation.
The rental market is characterized by moderate demand with a median rent of approximately $1,428; vacancy rates are influenced by the student population and local workforce needs.
The economy is driven by healthcare, education, and manufacturing, with Arkansas State University and St. Bernards Healthcare serving as major regional employers.
Transportation is primarily highway-based, with I-555 providing the main link to the broader regional network.
Development is focused on residential expansion and commercial growth along the major arterial roads connecting to central Jonesboro.
The Craighead County Assessor maintains property valuations for tax purposes.
Parcels are subject to school district taxes and various municipal utility and service district assessments.
Property insurance premiums are influenced by regional weather patterns, including wind and storm risks common to Northeast Arkansas.
Data retrieved from US Census Bureau 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.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.