The story of this market
The typical home in ZIP 72040 sells for about $145,000, or $105 per square foot.
Prices are up +3.5% from a year ago, so sellers still have some momentum. Homes take about 88 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $850 a month.
ZIP 72040 — Des Arc
The housing market in 72040 remains stable with low inventory and modest price appreciation. Demand is driven by local residents and those seeking affordable rural living, though limited new construction keeps the market tight.
This ZIP is best suited for families and individuals seeking an affordable, quiet, small-town lifestyle with strong community ties and access to outdoor river recreation.
Median prices moved up 3.5% year over year.
Homes spend a median of 88 days on market with 6.2 months of supply — a balanced-paced market.
12% 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 16.5% — 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 6.1%/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 4.2%/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 72040, Prairie County AR
Crime rates in the Des Arc area are generally lower than the national average, with property crime being the most frequently reported incident type.
The area is served by the Des Arc School District, which maintains a small-town educational environment with moderate performance ratings.
The region is located near the White River, presenting a moderate risk for seasonal flooding in low-lying areas; standard property insurance is recommended.
Economic momentum is driven primarily by local agriculture, small business, and regional services, with limited large-scale industrial 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.
Commuting is primarily car-dependent, with residents typically driving to nearby regional hubs for employment.
The area offers access to the White River for fishing and boating, along with local community parks and outdoor recreational spaces.
The rental market is characterized by low inventory and steady demand, primarily serving local workers and families.
The local economy is anchored by agriculture, local government, and small-scale retail services.
Transportation is dominated by private vehicle use, with access to regional highways for connectivity.
There are no major large-scale commercial or residential developments currently under construction in this ZIP.
The Prairie County Assessor manages property valuations based on annual market assessments.
Parcels are subject to local school district taxes and county-wide service assessments.
Property insurance premiums are influenced by regional flood risk and rural fire protection ratings.
Net domestic migration is stable with a slight trend toward rural relocation.
Arkansas is a non-judicial foreclosure state, allowing for efficient processing of defaulted mortgages.
Sellers are required to provide a property disclosure statement regarding known material defects.
Data retrieved from US Census Bureau ZCTA 72040 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.
Major regional attraction for fishing, boating, and outdoor recreation.
Local community space for gatherings and outdoor activities.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.