The story of this market
The typical home in ZIP 72405 sells for about $284,000, or $145 per square foot.
Prices are up +2.1% from a year ago, so sellers still have some momentum. Homes take about 45 days to sell. HUD's fair market rent for a two-bedroom is $1,500 a month.
ZIP 72405 — Jonesboro
The 72405 housing market remains stable with steady demand and moderate price appreciation. Low inventory levels continue to support current pricing, though the market is sensitive to broader economic shifts in the Jonesboro region.
This ZIP is well-suited for families and professionals seeking suburban living with proximity to the amenities and employment hubs of Jonesboro, offering a balance of space and accessibility.
Median prices moved up 2.1% year over year.
Homes spend a median of 45 days on market with 3.2 months of supply — a fast-moving market.
12% of listings have cut prices · homes sell at 98.5% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 3.5% · poverty 8.0% — 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 6.2%/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 5.3%/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 72405, Craighead County AR
Crime trends in Jonesboro are generally consistent with regional averages for mid-sized Arkansas cities, with property crime being the primary concern. Local law enforcement maintains active community outreach to mitigate these issues.
Schools serving the 72405 area are part of the Jonesboro Public Schools district, which is generally regarded as providing stable educational outcomes for the region.
The area is subject to standard regional risks including severe thunderstorms and occasional tornado activity, typical for Northeast Arkansas. Flood risk is localized to specific low-lying areas near drainage basins.
Economic momentum is driven by the healthcare and education sectors, anchored by Arkansas State University and major regional medical centers. Infrastructure development continues to support residential expansion on the city's periphery.
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.
Residents primarily rely on personal vehicles for commuting, with easy access to major thoroughfares like US-63 and US-49 that connect to the Jonesboro employment core.
The area features proximity to local parks and green spaces, with shopping and dining concentrated along the major commercial corridors of Highland Drive and Caraway Road.
The rental market is characterized by moderate demand, with a mix of single-family homes and apartment complexes; vacancy rates remain stable.
The economy is anchored by Arkansas State University, St. Bernards Healthcare, and NEA Baptist Memorial Hospital, providing a stable employment base.
Transportation is primarily automobile-dependent, with a network of state highways facilitating regional connectivity.
Development is focused on expanding residential subdivisions and supporting commercial infrastructure along the city's growth corridors.
The Craighead County Assessor maintains property valuations based on periodic reappraisals to ensure equitable taxation.
Parcels are subject to school district taxes and various municipal service assessments typical of the Jonesboro area.
Property insurance premiums are influenced by regional weather patterns, with standard coverage available for wind and hail risks.
Arkansas has seen modest net domestic migration gains, with Jonesboro attracting residents from surrounding rural counties.
Arkansas is a non-judicial foreclosure state, allowing for a streamlined process under the power of sale clause in deeds of trust.
Sellers are required to provide a property disclosure statement detailing known material defects to potential buyers.
Data retrieved from data.census.gov and local market reports.
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 for the Jonesboro area.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.