The story of this market
The typical home in ZIP 72384 sells for about $138,166, or $112 per square foot.
Prices are up +2.4% from a year ago, so sellers still have some momentum. Homes take about 84 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $855 a month.
ZIP 72384 — Turrell
The Trumann housing market remains stable with affordable entry-level pricing and moderate inventory levels. Demand is supported by local workforce needs, though elevated vacancy rates suggest a cautious outlook for investors. Market activity is primarily driven by local buyers rather than speculative investment.
This ZIP is best suited for local workforce families and budget-conscious buyers seeking affordable single-family detached homes in a quiet, small-town environment.
Median prices moved up 2.4% year over year.
Homes spend a median of 84 days on market with 4.2 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 19.5% — a mixed stability 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 6.6%/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 3.9%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
ZCTA 72472, Poinsett County AR
Crime data for Trumann is not determinable at the ZIP level; regional comparisons suggest typical rural Arkansas safety profiles.
Schools in the Trumann School District are generally characterized as serving a small, tight-knit community with moderate accountability ratings.
The area is subject to standard regional flood and wind risks common to Northeast Arkansas; property insurance availability remains stable but sensitive to severe weather events.
Economic momentum is driven by local manufacturing and agricultural support services, with limited large-scale commercial development currently reported.
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.
Commuting is primarily car-dependent, with residents typically driving to nearby Jonesboro for major employment and retail hubs.
Local recreation includes community parks and access to regional outdoor activities in Poinsett County, with limited large-scale shopping within the immediate ZIP.
The rental market shows elevated vacancy pressure around 8.9%, with demand primarily driven by local workforce housing needs.
The economy is anchored by local manufacturing and agricultural sectors, with significant reliance on the nearby Jonesboro labor market.
Transportation is dominated by highway access via US-63, connecting the area to the broader Northeast Arkansas region.
Development is currently limited to small-scale residential infill and minor commercial improvements.
Poinsett County assesses property based on fair market value with periodic reappraisals to ensure tax equity.
Parcels are served by the Trumann School District and standard county-level utility and emergency service districts.
Property insurance premiums are influenced by regional severe weather risks, including wind and storm damage common to the Mississippi Delta region.
Arkansas is a non-judicial foreclosure state, allowing for relatively efficient processing of defaulted mortgages.
Arkansas law requires sellers to provide a property disclosure form, though the scope is generally limited compared to other states.
Data retrieved from data.census.gov ZCTA 72472 profiles.
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.
Local facility for youth and community athletics.
Central green space for community gatherings.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.