The story of this market
The typical home in ZIP 72421 sells for about $235,000, or $138 per square foot.
Prices are up +4.2% from a year ago, so sellers still have some momentum. Homes take about 42 days to sell. HUD's fair market rent for a two-bedroom is $1,150 a month.
ZIP 72421 — Cash
The housing market in 72421 remains stable with steady price appreciation and balanced inventory levels. Demand is supported by the broader Jonesboro economy, though rising interest rates have moderated the pace of sales compared to previous years.
This ZIP is well-suited for families and professionals seeking a suburban lifestyle with proximity to the amenities and employment opportunities of Jonesboro.
Median prices moved up 4.2% year over year.
Homes spend a median of 42 days on market with 5.2 months of supply — a fast-moving market.
18% 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 3.2% · poverty 9.8% — 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 5.5%/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 5.4%/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 72421, Craighead County AR
Crime rates in this area are generally lower than the national average, with property crime being the most frequently reported incident type.
Schools serving this ZIP are part of the Jonesboro Public Schools system, which maintains a solid reputation for academic performance and extracurricular engagement.
The area is subject to standard regional risks including severe thunderstorms and occasional tornado activity; flood risk is localized to specific low-lying zones.
Economic momentum is driven by the broader Jonesboro metro area, which serves as a regional hub for healthcare, manufacturing, and higher education.
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 commute by car to the Jonesboro employment core, with average commute times typically ranging between 15 and 25 minutes.
The area offers access to local community parks, nearby golf courses, and the recreational amenities of the Jonesboro metro area, including shopping centers and dining districts.
The rental market is characterized by stable demand and moderate vacancy rates, with a mix of long-term residential rentals and limited short-term rental presence.
The economy is anchored by healthcare, education, and manufacturing, with major employers including Arkansas State University and regional medical centers.
Transportation is primarily highway-dependent, with major corridors providing access to the broader Jonesboro metro area.
Development is focused on residential expansion and infrastructure improvements to support the growing population in the Jonesboro metro area.
The Craighead County Assessor maintains property valuations based on market value, with periodic reappraisals conducted to ensure tax equity.
Parcels are subject to school district taxes and various municipal service districts common to the Jonesboro area.
Property insurance premiums are influenced by regional weather patterns, including wind and hail risk, which are standard for 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 regional park offering trails, fishing, and camping facilities.
Private golf and social club serving the greater Jonesboro area.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.