The story of this market
The typical home in ZIP 71862 sells for about $149,900, or $108 per square foot.
Prices are up +3.4% 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 71862 — McNab
The housing market in 71862 is characterized by low inventory and slow turnover, typical of a small, rural community. Prices have seen modest year-over-year growth, reflecting stable demand for limited housing stock. Market conditions remain neutral with no significant development or economic shifts currently impacting the area.
This ZIP is best suited for those seeking a quiet, rural lifestyle in a historic setting, primarily attracting local residents or those looking for affordable, low-density living.
Median prices moved up 3.4% year over year.
Homes spend a median of 112 days on market with 14.0 months of supply — a slower-moving market.
7% 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 14.2% — 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 5.2%/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 5.2%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
ZCTA 71862, Hempstead 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 area is primarily rural with access to local historic sites and outdoor recreation typical of southwest Arkansas.
The rental market is limited with low turnover and primarily consists of single-family housing stock.
The local economy is largely driven by agriculture, forestry, and tourism related to the historic state park.
Parcels are subject to Hempstead County property taxes and local school district levies.
Standard rural property insurance applies; hazard exposure is typical for the region with no specific high-risk designations published.
Data retrieved from data.census.gov ZCTA 71862 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.
- Historic Washington State Park4.72.4 mi
- Fair Park4.39.8 mi
- Historic Washington State Park4.72.4 mi
- Fair Park4.39.8 mi
- Beards Bluff on Millwood Lake4.613 mi
- Martin's4.69.2 mi
- North Hervey Street Shopping Center4.29.5 mi
- Texarkana Regional Airport3.926.6 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area ranked by popularity within the radius shown.
A major historic site preserving 19th-century architecture and history.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.