The story of this market
The typical home in ZIP 72016 sells for about $399,000, or $167 per square foot.
Prices are up +4.2% from a year ago, so sellers still have some momentum. Homes take about 78 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $625 a month.
ZIP 72016 — Bigelow
The 72016 housing market remains stable with low inventory and modest price appreciation. Market activity is driven by local demand and proximity to the Little Rock metro area, though sales volume remains limited. Figures for specific metrics like price cuts and months of supply are based on current listing data.
This ZIP is best suited for families and individuals seeking affordable, rural-adjacent living with access to the broader Little Rock metro area.
Median prices moved up 4.2% year over year.
Homes spend a median of 78 days on market with 7.3 months of supply — a balanced-paced market.
13% 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 4.5% · poverty 11.0% — 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 5.4%/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 4.3%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
ZCTA 72016, Perry County AR
Schools serving the area are generally rated as average within the regional context.
The area is subject to standard regional flood and wind risks common to central Arkansas.
Economic momentum is driven by proximity to the Little Rock-North Little Rock-Conway metro area, with limited local 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.
Residents typically commute by car to the Little Rock-North Little Rock-Conway employment core, with travel times averaging 30-45 minutes.
The area offers access to outdoor recreation including proximity to the Arkansas River and local parks, with limited immediate commercial shopping.
The rental market is characterized by low inventory and modest demand, primarily serving local workers and those seeking rural living.
The local economy is primarily agricultural and service-based, with most residents commuting to the Little Rock metro area for employment.
Transportation is heavily reliant on private vehicles, with Highway 60 serving as the primary corridor.
There are no major large-scale commercial or residential developments currently under construction in this ZIP.
The Perry County Assessor manages property valuations based on periodic market assessments.
Parcels are subject to local school district taxes and county-wide service levies.
Property insurance premiums are influenced by regional weather patterns, including wind and storm risks.
Data retrieved from data.census.gov ZCTA 72016 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.
Provides local fishing and recreational boating access.
Local community green space.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.