The story of this market
The typical home in ZIP 72411 sells for about $125,000, or $140 per square foot.
Prices are up +1.2% from a year ago, so sellers still have some momentum. Homes take about 65 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $950 a month.
ZIP 72411 — Bay
The housing market in 72411 is characterized by stable, modest price growth and a competitive entry point for buyers. Market conditions remain balanced, with limited inventory and steady demand from local residents, though investors should note the slower appreciation compared to larger urban centers.
This ZIP is best suited for local families and commuters seeking an affordable, small-town lifestyle with easy access to the employment and services of the larger Jonesboro area.
Median prices moved up 1.2% year over year.
Homes spend a median of 65 days on market with 4.5 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 3.8% · poverty 9.2% — 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 2.7%/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 2.6%/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 72411, Craighead County AR
Crime rates in Bay are generally lower than the national average, with the area characterized by a small-town environment that experiences minimal violent crime compared to larger regional hubs.
Schools serving the 72411 area are part of the Bay School District, which is generally regarded as a stable, community-focused district with moderate performance ratings.
The area is subject to standard regional risks including severe thunderstorms and occasional tornado activity, with flood risk varying by proximity to local drainage basins.
Economic momentum is driven by proximity to Jonesboro, which serves as the primary employment and commercial hub for the region, providing access to healthcare and manufacturing jobs.
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.
Commuting from 72411 primarily involves a short drive to Jonesboro via Highway 63, with limited public transit options available.
Recreational amenities include local community parks and proximity to regional outdoor activities in Craighead County, with basic shopping and dining available in Bay and nearby Jonesboro.
The rental market is characterized by moderate vacancy pressure and steady demand from local workers, with limited short-term rental activity.
The economy is heavily influenced by the broader Jonesboro labor market, which features significant employment in healthcare, education, and manufacturing sectors.
Transportation is dominated by private vehicle use, with Highway 63 serving as the critical corridor for regional connectivity.
Development is largely incremental, with planning focused on maintaining the small-town character while accommodating modest residential growth.
The Craighead County Assessor manages property valuations, utilizing a mass appraisal system to determine taxable values based on market trends.
Parcels are subject to school district levies and county-wide special service districts for emergency and utility management.
Property insurance premiums are influenced by regional weather patterns, including wind and hail risk, which are standard for Northeast Arkansas.
Arkansas is a non-judicial foreclosure state, allowing for a streamlined process under the power of sale clause in deeds of trust.
Arkansas law requires sellers to provide a property disclosure form, though the scope is limited compared to other states.
Data retrieved from 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.
Local community park providing green space and recreational facilities for residents.
Community resource center serving the local population.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.