Real Estate Investing in Caraway, Arkansas (72419)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 72419 (Caraway, 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.
- Elevated vacancy: 10.2% vacancy may signal weakening demand.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Caraway, AR (72419)?
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Market Analysis: 72419 Caraway
In practical terms, ZIP 72419 has challenges — vacancy pressure, softer price growth, and tenant stability concerns sit alongside the $117K median. It rewards specialists, not generalists.
The investment case in 72419 is durable only for operators who understand what they are buying. A $117K median suggests accessibility, but management intensity, vacancy drift, and capex surprises are real.
Statewide comparisons place 72419 among AR's softer markets. That context does not make the ZIP uninvestable, but it does raise the bar for due diligence.
The 72419 ZIP's population of 1,452 has faced economic pressure over the last decade. That pressure shows up in rent delinquency patterns that records the need for careful underwriting.
Experienced landlords with local relationships tend to find 72419 workable. Turnkey investors from out of state usually find the numbers do not hold up in practice.
Here's what matters if you're considering buying a home in Caraway:
Market Trends
Home Value History (with trend line)
📊 How Does 72419 Compare?
| Metric | 72419 | Caraway | Jonesboro, AR | Arkansas |
|---|---|---|---|---|
| Home Value | $117,496 | $117,496 | N/A | $216,341 |
| 5-Year CAGR | 2.9% | 2.9% | N/A | 5.7% |
| Avg Rent | $792 | $792 | N/A | - |
| Cap Rate | 5.3% | 5.3% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 72419 (Caraway, AR). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $117,496 |
| Monthly Rent | $792 |
| Price-to-Rent | 12.4:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 8.1% |
| Cap Rate | 5.3% |
| 5-Year IRR | 8.2% |
📈 Home Appreciation
| 1-Year | +3.0% ▲ |
| 3-Year CAGR | -4.1% ▼ |
| 5-Year CAGR | +2.9% ▲ |
| 10-Year CAGR | +5.0% ▲ |
🏠 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 (5.3%). 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 72419
Population: 1,452
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 72419
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.
Frequently Asked Questions
Can I house hack in Caraway, AR?
The a challenging house-hack environment in Caraway, AR reflects the rent-to-price spread. Expect meaningful PITI offset at market rents.
How qualified is the tenant pool in Caraway, AR?
Caraway, AR offers a predictable renter base at the $792/mo rent level. Tenant turnover is reasonable for well-managed properties.
How much rent can I charge in Caraway, AR?
The typical rental in Caraway, AR commands about $792/mo monthly. That rent profile measured cash flow against the $117K purchase basis.
Is Caraway, AR better for rentals, flips, or BRRRR?
Investors usually favor careful cash-flow rentals with hands-on management in Caraway, AR. With home values at $117K and rents near $792/mo, other strategies can work but produce even-keeled rather than outsized returns.
How much does a house cost in Caraway, AR?
Caraway, AR home values average about $117K. That price point suits investors targeting rentals with $792/mo in monthly income.
You know 72419 now. You don’t know where it ranks.
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