The story of this market
The typical home in ZIP 72419 sells for about $115,500, or $95 per square foot.
Prices are down 4.2% from a year ago, which gives buyers more room to negotiate. Homes take about 78 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $850 a month.
ZIP 72419 — Caraway
The housing market in 72419 is characterized by low transaction volume and stable, affordable pricing. Market conditions remain neutral as inventory levels are sufficient for the current pace of sales, with no significant price appreciation or depreciation noted in recent quarters.
This ZIP is primarily suited for local residents and budget-conscious buyers seeking affordable, small-town living in a rural Arkansas setting.
Median prices moved down 4.2% year over year.
Homes spend a median of 78 days on market with 6.0 months of supply — a balanced-paced market.
8% of listings have cut prices · homes sell at 96.5% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 5.8% · poverty 16.2% — 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 5.6%/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 5.5%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
ZCTA 72419, Craighead County AR
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 rental market is characterized by limited inventory and reliance on local housing authority units; Fair Market Rents for the county serve as a benchmark for the area.
The local economy is primarily driven by agriculture and small-scale local services within the broader Craighead County economic region.
Parcels are subject to Craighead County property tax levies and local school district assessments.
Data retrieved from data.census.gov ZCTA-level tables.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.