The story of this market
The typical home in ZIP 72029 sells for about $85,000, or $65 per square foot.
Prices are up +2.5% from a year ago, so sellers still have some momentum. Homes take about 120 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $750 a month.
ZIP 72029 — Clarendon
The housing market in 72029 is characterized by low turnover and stable, affordable pricing consistent with a rural Arkansas economy. Market activity is minimal, with limited inventory and long days on market reflecting a slow-paced environment. No major developments are currently driving significant price appreciation or demand shifts.
This ZIP is best suited for long-term residents, retirees, or those seeking a low-cost, rural lifestyle with proximity to agricultural work.
Median prices moved up 2.5% year over year.
Homes spend a median of 120 days on market with 6.0 months of supply — a slower-moving market.
15% of listings have cut prices · homes sell at 94% of asking — demand is holding steady.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 7.2% · poverty 22.6% — 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 3.0%/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 2.9%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
ZCTA 72029, Monroe County AR
Schools in the area are part of the Clarendon School District, which serves a small, rural population.
The area is located in a region with potential for seasonal flooding near the White River.
Economic momentum is limited, with the local economy primarily supported 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.
Commuting is primarily by personal vehicle, with limited public transit options available for travel to larger employment hubs.
Recreation is centered on outdoor activities, including fishing and hunting access near the White River and local community parks.
The rental market is characterized by low-density, single-family housing with limited turnover and a reliance on local housing authority units.
The economy is heavily reliant on the agricultural sector and local government services within Monroe County.
Transportation is dominated by highway access via US-79, with no significant public transit infrastructure.
No major commercial or residential developments are currently reported for this rural area.
The Monroe County Assessor manages property valuations based on state-mandated assessment cycles.
Parcels are served by the Clarendon School District and standard county-level utility and emergency service districts.
Property insurance premiums are influenced by flood risk zones associated with the White River basin.
Data retrieved from Census Reporter and data.census.gov for ZCTA 72029.
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.
- Louisiana Purchase State Park4.610.8 mi
- Louisiana Purchase State Park4.610.8 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area ranked by popularity within the radius shown.
Provides significant access for fishing and outdoor recreation.
Local community space for outdoor gatherings.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.