The story of this market
The typical home in ZIP 72364 sells for about $267,000, or $135 per square foot.
Prices are up +7.5% from a year ago, so sellers still have some momentum. Homes take about 40 days to sell. HUD's fair market rent for a two-bedroom is $1,250 a month.
ZIP 72364 — Marion
The housing market in 72364 shows steady growth with a median price of $267,000, reflecting a 7.5% year-over-year increase. Demand remains consistent, supported by the area's role as a suburban hub for the Memphis metro. While inventory is available, the market is balanced, favoring neither buyers nor sellers excessively.
This ZIP is well-suited for families and commuters seeking affordable housing within reach of the Memphis metro area. It offers a suburban lifestyle with lower entry costs compared to the urban core.
Median prices moved up 7.5% year over year.
Homes spend a median of 40 days on market with 4.2 months of supply — a fast-moving market.
15% of listings have cut prices · homes sell at 98.5% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 4.8% · poverty 12.5% — 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 7.0%/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 6.6%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
net influx — more people moved in than out
ZCTA 72364, Crittenden County AR
Crime rates in Marion are generally consistent with regional averages for Crittenden County, with property crime being the primary concern. Local law enforcement maintains a standard presence, and residents are encouraged to utilize neighborhood watch programs.
Schools in the area are primarily served by the Marion School District, which includes several magnet programs. Performance ratings vary by campus, with some schools receiving average marks in state accountability reports.
The area is located in a region with moderate flood risk due to its proximity to the Mississippi River basin. Standard property insurance is available, though flood insurance is highly recommended for many parcels.
Marion serves as a growing residential suburb for the Memphis metropolitan area, benefiting from logistics and distribution sector expansion. Infrastructure improvements along the I-55 corridor continue to support local economic 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.
Commuters primarily utilize I-55 to reach employment hubs in West Memphis and downtown Memphis. The drive is generally straightforward, though peak-hour traffic can increase travel times significantly.
The area features several local parks and community sports facilities, including the Marion Sports Complex. Shopping and dining options are concentrated along the main commercial corridors near the interstate.
The rental market is characterized by moderate demand, with a mix of single-family rentals and multi-family units. Vacancy rates are stable, and investors remain active in the entry-level price segment.
The local economy is heavily influenced by the logistics, warehousing, and distribution sectors due to the area's strategic location near Memphis. Major employers include regional distribution centers and local government services.
Transportation is dominated by private vehicle use, with I-55 serving as the primary artery. Public transit options are limited, necessitating reliance on personal automobiles for commuting.
Development is focused on residential expansion and commercial growth along the main highway exits. Zoning is primarily residential with pockets of commercial development to serve the growing population.
The Crittenden County Assessor manages property valuations, with assessments typically updated on a cyclical basis. The county maintains a standard appraisal process for all residential parcels.
Parcels are subject to local school district taxes and county-wide levies. Some areas may fall under specific utility or drainage district assessments.
Property insurance premiums are influenced by regional weather patterns and flood risk. Market health is stable, with standard coverage options available from major national carriers.
Net domestic migration to Arkansas has been positive, with many residents moving from neighboring states for lower costs of living. The state continues to see steady population growth in suburban areas.
Arkansas is a non-judicial foreclosure state, allowing for a streamlined process for lenders. Statutory notice periods are required before a sale can be conducted.
Sellers are required to provide a property disclosure statement detailing known material defects. This must be provided to the buyer during the transaction process.
Data retrieved from data.census.gov using ZCTA 72364 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.
Features multiple fields for youth and adult sports leagues.
Preserves the local history and architecture of the city.
Provides green space and walking trails for residents.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.