Real Estate Investing in Palestine, Arkansas (72372)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 72372 (Palestine, AR)? Our answer, based on the numbers below.
Mixed — values have been flat. OK for long-horizon buyers, less attractive if you may need to sell soon.
A cash-flow market — rent-to-price math works from day one, though value growth is modest. Great for income-focused investors.
- Elevated vacancy: 8.6% vacancy may signal weakening demand.
- Flat appreciation: Values have barely moved over 5 years (1.3% CAGR).
- Lower household income: $34,841 median — tenant affordability is tighter.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Palestine, AR (72372)?
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Market Analysis: 72372 Palestine
The 72372 ZIP covers a section of Palestine that demands careful diligence. Prices near $130K look accessible, but the work to make a deal cash flow is real.
The investment case in 72372 is substantial only for operators who understand what they are buying. A $130K median suggests accessibility, but management intensity, vacancy drift, and capex surprises are real.
Within AR, ZIP 72372 trails on several market indicators that neighboring Saint Francis County submarkets outperform. The gap is real and robust enough to shape underwriting.
Resident income in 72372 sits below the county median. That reality colors rent collection, vacancy, and reinvestment math in ways that outside investors often underestimate.
New investors are better served looking at Palestine's stable or hybrid ZIPs before stepping into 72372. The learning curve here is expensive when the lesson is wrong.
Here's what matters if you're considering buying a home in Palestine:
Market Trends
Home Value History (with trend line)
📊 How Does 72372 Compare?
| Metric | 72372 | Palestine | Forrest City, AR | Arkansas |
|---|---|---|---|---|
| Home Value | $130,406 | $130,406 | N/A | $216,341 |
| 5-Year CAGR | 1.3% | 1.3% | N/A | 5.7% |
| Avg Rent | $792 | $792 | N/A | - |
| Cap Rate | 4.7% | 4.7% | - | - |
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 72372 (Palestine, AR). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $130,406 |
| Monthly Rent | $792 |
| Price-to-Rent | 13.7:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 7.3% |
| Cap Rate | 4.7% |
| 5-Year IRR | 6.0% |
📈 Home Appreciation
| 1-Year | +5.8% ▲ |
| 3-Year CAGR | +0.6% ▲ |
| 5-Year CAGR | +1.3% ▲ |
| 10-Year CAGR | +4.5% ▲ |
🏠 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 (4.7%). 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 72372
Population: 1,696
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 72372
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
Investor Insight: With 572 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
What is the typical home price in Palestine, AR?
The median home value in Palestine, AR is roughly $130K. That puts it reasonable relative to the AR statewide average.
How strong is tenant demand in Palestine, AR?
The tenant pool in Palestine, AR is solid, supported by local employment and population fundamentals. Rents of $792/mo are well-absorbed by the market.
Is Palestine in AR worth investing in?
Palestine, AR rates 3.0/5 for investability. With median values at $130K and rents near $792/mo, the market offers reasonable fundamentals for rental investors.
What is it like being a landlord in Palestine, AR?
The landlord environment in Palestine, AR is landlord-friendly. Statewide rules shape most day-to-day operations for rental owners.
Does a duplex house hack pencil in Palestine, AR?
House hacking works a challenging in Palestine, AR. Rents of $792/mo against $130K acquisition make the strategy solid for owner-occupants.
You know 72372 now. You don’t know where it ranks.
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