Real Estate Investing in Jonesboro, Arkansas (72404)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 72404 (Jonesboro, AR)? Our answer, based on the numbers below.
Solid choice — stable market with a reasonable entry point and good rental backup if you ever need to move.
A cash-flow market — rent-to-price math works from day one, though value growth is modest. Great for income-focused investors.
No major risk flags on the data we track.
What’s happening in Jonesboro, AR (72404)?
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Market Analysis: 72404 Jonesboro
The 72404 ZIP covers a section of Jonesboro that demands careful diligence. Prices near $269K look accessible, but the work to make a deal cash flow is real.
The investment case in 72404 is resilient only for operators who understand what they are buying. A $269K median suggests accessibility, but management intensity, vacancy drift, and capex surprises are real.
Within AR, ZIP 72404 trails on several market indicators that neighboring Craighead County submarkets outperform. The gap is real and solid enough to shape underwriting.
The demographic picture in 72404 includes headwinds that any investor should price in. Income distribution skews lower than Jonesboro averages, and tenant stability requires active management.
Strategically, 72404 can be a high-return sleeve of a diversified portfolio — but it should not be the whole portfolio, and it should not be someone's first deal.
Here's what matters if you're considering buying a home in Jonesboro:
Property Strategy for 72404
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $156,844 | $1,070 | 4.9% | +7.0% | $78,422 |
| 3BR | $223,823 | $1,440 | 4.6% | +6.0% | $74,608 |
| 4BR | $342,844 | $1,520 | 3.2% | +5.8% | $85,711 |
| 5BR | $520,704 | — | — | +5.7% | $104,141 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 72404 Compare?
| Metric | 72404 | Jonesboro | Jonesboro, AR | Arkansas |
|---|---|---|---|---|
| Home Value | $268,664 | $91,567 | N/A | $216,341 |
| 5-Year CAGR | 4.5% | 4.1% | N/A | 5.7% |
| Avg Rent | $1,531 | $1,330 | N/A | - |
| Cap Rate | 4.4% | 4.5% | - | - |
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 72404 (Jonesboro, AR). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $268,664 |
| Monthly Rent | $1,531 |
| Price-to-Rent | 14.6:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 6.8% |
| Cap Rate | 4.4% |
| 5-Year IRR | 9.0% |
📈 Home Appreciation
| 1-Year | +4.7% ▲ |
| 3-Year CAGR | +1.9% ▲ |
| 5-Year CAGR | +4.5% ▲ |
| 10-Year CAGR | +4.4% ▲ |
🏠 Rent Trends
| 1-Year | +7.4% ▲ |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (4.4%). 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 72404
Population: 29,722
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 72404
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 1,122 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
Where do rents currently stand in Jonesboro, AR?
Rents in Jonesboro, AR run near $1,531/mo. Compared with median home prices of $269K that produces solid gross yields for typical rentals.
How landlord-friendly is Jonesboro, AR?
For rental operators, Jonesboro, AR rates as landlord-friendly. The regulatory environment standard buy-and-hold operations.
How does Jonesboro, AR stack up for property investment?
Jonesboro, AR rates 3.0/5 for investability. With median values at $269K and rents near $1,531/mo, the market offers reasonable fundamentals for rental investors.
What is the typical vacancy rate in Jonesboro, AR?
Vacancy risk in Jonesboro, AR is elevated. That supports consistent cash flow for typical rental holds.
What is the renter demographic in Jonesboro, AR?
The tenant pool in Jonesboro, AR is solid, supported by local employment and population fundamentals. Rents of $1,531/mo are well-absorbed by the market.
You know 72404 now. You don’t know where it ranks.
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How 72404 ranks in Jonesboro, AR
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