Real Estate Investing in Arkadelphia, Arkansas (71923)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 71923 (Arkadelphia, AR)? Our answer, based on the numbers below.
Mixed signals — some positives, some negatives. Worth considering but not a slam-dunk.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- High vacancy: 19.1% of homes vacant — above national norms.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Arkadelphia, AR (71923)?
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Market Analysis: 71923 Arkadelphia
Not every below-median market is a bargain. Arkadelphia's 71923 ZIP comes in at signals that favor experienced operators who can absorb the risk $184K pricing implies.
Rent of $792/mo on a $184K basis reads well until vacancy, delinquency, and capex enter the model. The honest cap rate in 71923 sits below the stated 0.0% once reality is priced in.
Meanwhile, 71923 offers a low basis, the region around Arkadelphia has moved on in ways that the ZIP itself has not fully absorbed. The result is a discount with genuine reasons.
On balance, 14,374 residents fill the ZIP, renter turnover runs higher than neighboring postal codes and delinquency risk is a real line item rather than a theoretical one.
New investors are better served looking at Arkadelphia's stable or hybrid ZIPs before stepping into 71923. The learning curve here is expensive when the lesson is wrong.
Here's what matters if you're considering buying a home in Arkadelphia:
Property Strategy for 71923
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $118,770 | $880 | 5.3% | +8.1% | $59,385 |
| 3BR | $193,680 | $1,220 | 4.5% | +8.1% | $64,560 |
| 4BR | $271,223 | $1,350 | 3.6% | +7.2% | $67,806 |
Market Trends
Home Value History (with trend line)
📊 How Does 71923 Compare?
| Metric | 71923 | Arkadelphia | Arkadelphia, AR | Arkansas |
|---|---|---|---|---|
| Home Value | $184,208 | $61,403 | N/A | $216,341 |
| 5-Year CAGR | 4.9% | 4.9% | N/A | 5.7% |
| Avg Rent | $792 | $792 | N/A | - |
| Cap Rate | 3.4% | 3.4% | - | - |
Similar ZIPs Within 25 Miles
Compare other nearby markets to see if a neighbor offers a better fit.
Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 71923 (Arkadelphia, AR). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $184,208 |
| Monthly Rent | $792 |
| Price-to-Rent | 19.4:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.2% |
| Cap Rate | 3.4% |
| 5-Year IRR | 8.2% |
📈 Home Appreciation
| 1-Year | +5.9% ▲ |
| 3-Year CAGR | +2.7% ▲ |
| 5-Year CAGR | +4.9% ▲ |
| 10-Year CAGR | +4.7% ▲ |
🏠 Rent Trends
| 1-Year | N/A |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (3.4%). Financing reduces your cash-on-cash return below the cap rate. Markets like this may still make sense as IRR plays — factoring in appreciation, depreciation, and a future refinance when rates drop.
Run an IRR Analysis →⚠️ Risk Signals
Composite view of factors that can impact a ZIP's stability and your downside risk.
Demographics in 71923
Population: 14,374
Crime & Safety
Crime & Safety Data Coming Soon
We're integrating comprehensive crime statistics including violent crime rates, property crime, and safety scores to help you make informed investment decisions.
Expected: Q1 2025
🎓 Schools in 71923
Schools in This ZIP Code
About Repit School Scores
Traditional school ratings rely heavily on standardized test scores, which often reflect family income more than school quality. Repit takes a different approach.
We evaluate schools based on factors that research shows actually impact educational outcomes:
- Class Size — Smaller classes mean more individual attention
- School Funding — Resources available for programs, staff, and facilities
- Community Factors — Neighborhood characteristics that influence student success
- School Environment — Size, type, and structure
Scores are updated annually using federal education data.
🎓 Nearby Colleges & Universities
Frequently Asked Questions
What is the median home value in Arkadelphia, AR?
Typical homes in Arkadelphia, AR go for around $184K. The 5-year CAGR of 0.0% consistent price movement.
What kind of tenants rent in Arkadelphia, AR?
Tenant quality in Arkadelphia, AR ranks as solid. Landlords generally report consistent occupancy at market rents of $792/mo.
Is vacancy a concern in Arkadelphia, AR?
Rental vacancy in Arkadelphia, AR is elevated. Investors should budget normal turnover but not chronic empty units.
How strict are landlord regulations in Arkadelphia, AR?
Rental owners in Arkadelphia, AR deal with a landlord-friendly legal framework. Most standard eviction processes run on reasonable timelines.
Can owner-occupants cash flow in Arkadelphia, AR?
Arkadelphia, AR offers a challenging house-hacking opportunity. Small multifamily or rent-by-the-room plays can pair well with the $792/mo rent level.
You know 71923 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 71923 compares to every other market. Investor ($19/mo) screens every U.S. ZIP by cap rate, the 1% rule, vacancy and landlord climate, and exports your shortlist.
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