The story of this market
The typical home in ZIP 72303 sells for about $227,000, or $115 per square foot.
Prices are up +6.2% from a year ago, so sellers still have some momentum. Homes take about 55 days to sell. HUD's fair market rent for a two-bedroom is $911 a month.
This ZIP has no home sales of its own, so its market figures come from Crittenden County, Arkansas (county-level). Population, rents, hazards, lending and amenities are this ZIP's own readings.
ZIP 72303 — West Memphis
ZIP 72303 is a dedicated PO Box ZIP code in West Memphis, Arkansas, and does not contain residential housing inventory or population. Consequently, all market metrics, demographic data, and housing-specific notes are null or not applicable for this geography.
Median prices moved up 6.2% year over year.
Homes spend a median of 55 days on market with 4.1 months of supply — a fast-moving market.
29% of listings have cut prices · homes sell at 96.8% of asking — demand is holding steady.
Awaiting this reading — not graded.
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.