The story of this market
The typical home in ZIP 72441 sells for about $128,050, or $85 per square foot.
Prices are up +2.4% from a year ago, so sellers still have some momentum. Homes take about 112 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $850 a month.
ZIP 72441 — Knobel
The housing market in 72441 is characterized by low inventory and very slow turnover, typical of a rural Arkansas community. Prices remain affordable compared to national averages, with growth driven primarily by local demand rather than speculative investment. The market is stable, with no significant development or economic shifts currently impacting property values.
This ZIP is best suited for those seeking a quiet, rural lifestyle, including retirees or individuals working in agriculture, who prioritize affordability over proximity to urban amenities.
Median prices moved up 2.4% year over year.
Homes spend a median of 112 days on market with 12.0 months of supply — a slower-moving market.
4% 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 5.2% · poverty 15.4% — 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 6.1%/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 6.2%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
ZCTA 72441, Clay County AR
Crime data for McDougal is not determinable due to the small population size and lack of granular reporting.
Schools serving the area are part of the Clay County School District, which provides rural educational services with limited extracurricular offerings.
The area is primarily rural with standard flood and wind risks typical of Northeast Arkansas; specific insurance-climate posture is not determinable.
Economic momentum is limited, with the local economy primarily driven by agriculture and small-scale local services.
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.
Commutes are primarily by private vehicle, with residents traveling to nearby towns like Piggott or Corning for employment.
Recreation is centered on outdoor activities, including hunting, fishing, and access to local rural parks.
The rental market is very thin, consisting mostly of single-family homes with low turnover and limited investor activity.
The economy is heavily reliant on the agricultural sector, with limited commercial or industrial employment within the ZIP code.
Transportation is entirely dependent on personal vehicles, with no public transit infrastructure available.
There are no major commercial or residential developments currently approved or under construction in this area.
The Clay County Assessor manages property valuations, which are updated periodically based on market sales and state guidelines.
Parcels are subject to standard county and school district taxes; no major MUD or PID districts are present.
Property insurance availability is standard for rural Arkansas, though premiums are influenced by regional weather-related risk factors.
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.
- Collins Theatre4.818.1 mi
- Marmaduke Community Center4.49.7 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area ranked by popularity within the radius shown.
Hosts local community events and agricultural gatherings.
Extensive access to rural land for hunting and outdoor activities.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.