The story of this market
The typical home in ZIP 72320 sells for about $105,000, or $75 per square foot.
Prices are down 2.4% from a year ago, which gives buyers more room to negotiate. Homes take about 112 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $750 a month.
ZIP 72320 — Brickeys
The housing market in 72320 is characterized by low transaction volume and stagnant price growth, reflecting the broader economic challenges of the rural Lee County area. High poverty rates and limited employment opportunities continue to suppress demand, resulting in a market that remains largely flat. No significant new developments or infrastructure projects are currently driving market activity.
This ZIP is best suited for local residents or those seeking low-cost rural housing, as it lacks the amenities and infrastructure typically sought by commuters or investors.
Median prices moved down 2.4% year over year.
Homes spend a median of 112 days on market with 7.0 months of supply — a slower-moving market.
12% of listings have cut prices · homes sell at 94% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 8.9% · poverty 65.8% — elevated distress and economic pressure.
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 2.4%/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 2.5%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
ZCTA 72320, Lee County AR
The area is located in a region with significant flood risk associated with the Mississippi River basin.
Economic momentum is limited with a reliance on agricultural and local service sectors; no major corporate developments are currently reported for this ZIP.
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 rural, requiring personal vehicle travel to reach employment centers in larger nearby cities like Marianna or West Helena.
Recreational opportunities are limited to local rural outdoor spaces; there are no major shopping districts or large-scale entertainment venues within the ZIP.
The rental market is characterized by low inventory and limited turnover, with demand primarily driven by local workforce needs.
The local economy is heavily tied to agriculture and small-scale retail services within Lee County.
Transportation is entirely dependent on private vehicle use; there is no public transit infrastructure.
There are no major approved or under-construction developments reported for this ZIP.
The Lee County Assessor manages property valuations for tax purposes.
Parcels are subject to standard county and school district tax levies.
Property insurance premiums are influenced by the area's rural nature and flood zone designations.
Data retrieved from Census Reporter profile for ZCTA 72320.
- Gold Strike Casino Resort4.29.9 mi
- Tunica Arena and Expo Center4.411 mi
- Tunica County River Park4.28.1 mi
- River Bend Links4.35.1 mi
- Tunica County River Park4.28.1 mi
- Tunica County River Park4.28.1 mi
- Gateway to the Blues Museum4.813.3 mi
- Tunica County River Park4.28.1 mi
- Gold Strike Casino Resort4.29.9 mi
- River Bend Links4.35.1 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.