Real Estate Investing in Mulberry, Arkansas (72947)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 72947 (Mulberry, 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: 18.4% 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 Mulberry, AR (72947)?
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Market Analysis: 72947 Mulberry
Investors eyeing 72947 need to respect the fundamentals at play. Home values of $185K come alongside slower price movement and elevated management overhead.
The investment case in 72947 is solid only for operators who understand what they are buying. A $185K median suggests accessibility, but management intensity, vacancy drift, and capex surprises are real.
Nearby ZIPs in Mulberry have seen price recovery that 72947 has not matched. Crawford County data supports the view that the spread is structural rather than temporary.
On the rental side, 3,874 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 Mulberry's stable or hybrid ZIPs before stepping into 72947. The learning curve here is expensive when the lesson is wrong.
Here's what matters if you're considering buying a home in Mulberry:
Market Trends
Home Value History (with trend line)
📊 How Does 72947 Compare?
| Metric | 72947 | Mulberry | Fort Smith, AR-OK | Arkansas |
|---|---|---|---|---|
| Home Value | $184,628 | $184,628 | N/A | $216,341 |
| 5-Year CAGR | 5.4% | 5.4% | N/A | 5.7% |
| Avg Rent | $846 | $846 | N/A | - |
| Cap Rate | 3.6% | 3.6% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 72947 (Mulberry, AR). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $184,628 |
| Monthly Rent | $846 |
| Price-to-Rent | 18.2:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.5% |
| Cap Rate | 3.6% |
| 5-Year IRR | 9.0% |
📈 Home Appreciation
| 1-Year | +9.8% ▲ |
| 3-Year CAGR | +4.8% ▲ |
| 5-Year CAGR | +5.4% ▲ |
| 10-Year CAGR | +6.2% ▲ |
🏠 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 (3.6%). 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 72947
Population: 3,874
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 72947
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
Is Mulberry, AR good for house hacking?
The house hack math a challenging in Mulberry, AR. Owner-occupant buyers benefit from the $846/mo rents and $185K home values.
Are landlord laws favorable in Mulberry, AR?
Rental owners in Mulberry, AR deal with a landlord-friendly legal framework. Most standard eviction processes run on reasonable timelines.
How qualified is the tenant pool in Mulberry, AR?
Expect a solid tenant pool in Mulberry, AR. The rental market absorbs $846/mo rents without meaningful friction.
How much do tenants pay in Mulberry, AR?
Expect rents around $846/mo per month in Mulberry, AR. With home values at $185K, the yield math works out to reasonable levels for rental investors.
What is the typical home price in Mulberry, AR?
Homes in Mulberry, AR typically sell near $185K. Prices have moved at a 0.0% 5-year CAGR, which predictable long-term demand.
You know 72947 now. You don’t know where it ranks.
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How 72947 ranks in Fort Smith, AR-OK
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