The story of this market
The typical home in ZIP 71801 sells for about $135,000, or $92 per square foot.
Prices are up +2.1% from a year ago, so sellers still have some momentum. Homes take about 84 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $850 a month.
ZIP 71801 — Hope
The housing market in 71801 remains stable with modest price appreciation and low inventory levels. Market activity is driven by local demand for affordable single-family homes, though higher poverty rates and limited new construction constrain significant growth. Figures for months of supply and sale-to-list ratios are based on current local market snapshots.
This ZIP is well-suited for budget-conscious families and local workers seeking affordable housing, though it offers fewer amenities for luxury-focused buyers or high-end investors.
Median prices moved up 2.1% year over year.
Homes spend a median of 84 days on market with 6.2 months of supply — a balanced-paced market.
14% 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 6.8% · poverty 21.9% — a mixed stability 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 3.6%/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 3.4%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
net outflow — more people moved out than in
ZCTA 71801, Hempstead County AR
Crime rates in the Hope area are generally higher than the national average, with property crime being the most frequently reported incident type.
Public schools in the Hope Public School District generally face challenges with academic performance metrics compared to state averages.
The area is subject to standard regional risks including severe thunderstorms and occasional tornado activity, with flood risk concentrated near local waterways.
Economic momentum is driven by local manufacturing, agriculture, and regional healthcare services, with limited large-scale commercial development currently reported.
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 rely on personal vehicles for commuting, with US-67 and I-30 serving as the main corridors for regional travel.
Local amenities include Hope Fair Park and various community sports facilities, with proximity to Millwood Lake for outdoor water-based recreation.
The rental market is characterized by a high share of single-family rentals and older multi-family units, with stable demand and limited new inventory.
The local economy is anchored by manufacturing, agriculture, and public sector employment, with major employers including regional healthcare and food processing facilities.
Transportation is heavily dependent on private vehicles, with I-30 providing the primary link to larger regional employment hubs like Texarkana.
Development is currently focused on small-scale infrastructure improvements and maintenance of existing municipal facilities.
Hempstead County Assessor manages property valuations, typically reassessing based on market trends and state-mandated cycles.
Parcels are subject to Hope Public School District taxes and various county-level service district levies.
Property insurance premiums are influenced by regional weather risks, including wind and hail exposure common in Southwest Arkansas.
Data retrieved from Census Reporter and data.census.gov for ZCTA 71801.
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.
- Historic Washington State Park4.711.9 mi
- Fair Park4.33.6 mi
- Historic Washington State Park4.711.9 mi
- Fair Park4.33.6 mi
- Martin's4.64.8 mi
- North Hervey Street Shopping Center4.24.6 mi
- Texarkana Regional Airport3.923.8 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area ranked by popularity within the radius shown.
Central community park featuring sports fields and event spaces.
Nearby historical site offering educational tours and outdoor trails.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.