The story of this market
The typical home in ZIP 72436 sells for about $145,000, or $112 per square foot.
Prices are up +2.1% from a year ago, so sellers still have some momentum. Homes take about 68 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $950 a month.
ZIP 72436 — Lafe
The housing market in 72436 remains stable with low inventory and modest price appreciation consistent with rural Arkansas trends. Market activity is driven by local demand for affordable single-family homes, though limited sales volume makes the market less liquid than urban centers. Figures for specific metrics like sale-to-list ratio and active inventory are based on local market observations as comprehensive ZIP-level portal data is limited.
This ZIP is best suited for families and individuals seeking a quiet, rural lifestyle with affordable housing costs and proximity to the employment centers of Paragould and Jonesboro.
Median prices moved up 2.1% year over year.
Homes spend a median of 68 days on market with 4.2 months of supply — a balanced-paced market.
15% of listings have cut prices · homes sell at 97.5% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 3.8% · poverty 11.2% — 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 4.7%/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 4.4%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
ZCTA 72436, Greene County AR
Schools serving the area are primarily managed by the Greene County Tech School District, which is generally characterized as a rural district with moderate performance metrics.
The area is subject to standard regional risks including severe thunderstorms and occasional flooding; property insurance premiums are consistent with rural Arkansas averages.
Economic momentum is driven by agricultural production and proximity to the regional hub of Paragould, with limited new large-scale commercial 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 primarily commute by personal vehicle to Paragould or Jonesboro for employment, with travel times typically ranging from 15 to 30 minutes.
Recreational opportunities are largely rural, featuring local community parks and proximity to regional outdoor spaces in Greene County.
The rental market is characterized by low inventory and primarily consists of single-family homes, with stable demand from local workers.
The economy is anchored by agriculture and manufacturing sectors in the surrounding Greene County area, with significant employment ties to Paragould.
Transportation is entirely dependent on private vehicle use via state highways; there is no public transit infrastructure.
Development is primarily limited to small-scale residential infill and agricultural land use changes.
The Greene County Assessor maintains property valuations based on periodic reappraisals to ensure equitable taxation across the county.
Parcels are subject to Greene County Tech School District taxes and standard county-wide service levies.
Property insurance markets are stable, though premiums are influenced by regional exposure to severe weather events common in Northeast Arkansas.
Arkansas is a non-judicial foreclosure state, allowing for efficient processing of defaults under the statutory power of sale.
Arkansas law requires sellers to provide a property disclosure form, though the scope is limited compared to other states.
Data retrieved from data.census.gov ZCTA 72436 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.
- Paragould Community Center4.516.2 mi
- Crowley's Ridge Raceway4.820 mi
- Collins Theatre4.813.6 mi
- Reynolds Park4.512.7 mi
- Harmon Park4.312.9 mi
- Reynolds Park4.512.7 mi
- Harmon Park4.312.9 mi
- Marmaduke Community Center4.46.6 mi
- The Front Porch Flea Market4.79 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
Hosts local community events and agricultural gatherings.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.