The story of this market
The typical home in ZIP 71748 sells for about $145,000, or $88 per square foot.
Prices are up +2.1% from a year ago, so sellers still have some momentum. Homes take about 72 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $950 a month.
ZIP 71748 — Felsenthal
The housing market in 71748 is characterized by low inventory and slow turnover, typical of a rural Arkansas market. Prices have seen modest year-over-year growth, supported by limited supply rather than high demand. The market remains stable with no significant development activity or price volatility reported.
This ZIP is best suited for local workers, retirees, and families seeking affordable rural living with proximity to the employment hubs of Camden.
Median prices moved up 2.1% year over year.
Homes spend a median of 72 days on market with 4.6 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 14.5% — 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 4.4%/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 3.7%/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 71748, Ouachita County AR
Crime rates in the area are generally low and stable, consistent with rural Ouachita County trends and significantly lower than the state average.
Schools serving the area are part of the Camden Fairview School District, which maintains a standard accountability rating within the state framework.
The area is primarily at risk for wind and storm damage; flood risk is localized to specific low-lying areas near the Ouachita River basin.
Economic momentum is modest, driven largely by regional agriculture, timber, and small-scale manufacturing support in the surrounding county.
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 traveling to Camden or nearby industrial hubs via state highways.
Recreation is centered on outdoor activities including hunting, fishing, and access to local county parks and the nearby Ouachita River.
The rental market is limited with low turnover and high demand for affordable single-family housing; investor presence is minimal.
The economy is anchored by timber, agriculture, and regional manufacturing services based in the nearby city of Camden.
Transportation is exclusively via state and county road networks with no public transit infrastructure.
There are no major commercial or residential developments currently approved or under construction in this ZIP.
The Ouachita County Assessor manages property valuations, typically reassessing on a cyclical basis per state law.
Parcels are subject to county-wide school district taxes and standard rural fire protection district levies.
Property insurance premiums are stable but sensitive to regional storm and wind risk profiles.
Arkansas has experienced modest net domestic migration gains, though rural Ouachita County remains relatively static.
Arkansas is a non-judicial foreclosure state, allowing for efficient processing of defaults under the statutory power of sale.
Sellers are required to provide a property disclosure statement, though the state is generally considered 'caveat emptor' for many conditions.
Data retrieved from data.census.gov ZCTA-level tables.
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.
- Fordyce Civic Center4.46.1 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
Provides regional access for fishing and boating.
Small community-maintained green spaces for recreation.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.