The story of this market
The typical home in ZIP 72447 sells for about $166,200, or $115 per square foot.
Prices are down 2.1% from a year ago, which gives buyers more room to negotiate. Homes take about 68 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $950 a month.
ZIP 72447 — Monette
The housing market in 72447 is characterized by low inventory and modest price points, reflecting a stable but slow-moving rural market. Sales volume remains thin, and price growth has flattened compared to previous years. Buyers in this area are primarily local residents looking for affordable single-family housing.
This ZIP is best suited for families and individuals seeking an affordable, quiet, small-town lifestyle who are comfortable with a commute to larger regional hubs.
Median prices moved down 2.1% year over year.
Homes spend a median of 68 days on market with 5.2 months of supply — a balanced-paced market.
10% 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 4.1% · poverty 12.5% — 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 6.4%/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 72447, Arkansas
Monette generally experiences low crime rates consistent with small-town rural Arkansas, with property crime being the primary concern.
The area is served by the Buffalo Island Central School District, which is generally regarded as a stable, community-focused rural district.
The region is subject to seasonal tornado risks and localized flooding, typical of the Mississippi Delta geography in Northeast Arkansas.
Economic momentum is driven primarily by regional agriculture and light manufacturing, with limited new large-scale commercial development.
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 car-dependent, with residents typically driving to Jonesboro for major employment and retail services.
Local recreation is centered on community parks and proximity to rural outdoor activities, with limited large-scale shopping or entertainment venues.
The rental market is limited in depth, consisting mostly of single-family homes with low turnover and minimal institutional investor presence.
The local economy is heavily reliant on the agricultural sector, including crop production and related processing, with Jonesboro serving as the primary employment center.
Transportation is entirely road-based, relying on state highways for connectivity to the broader Craighead County region.
There are no major large-scale commercial or residential developments currently approved or under construction in this ZIP.
The Craighead County Assessor manages property valuations, with assessments typically updated on a cyclical basis.
Parcels are subject to school district taxes and standard county-level service districts.
Property insurance premiums are influenced by regional weather risks, including wind and hail exposure common in the Arkansas Delta.
Data retrieved from data.census.gov ZCTA 72447 profile.
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 playground facilities.
Serves as a central community hub for local events and athletics.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.