How much is a home worth in ZIP code 71854?

The typical home in 71854 is worth $166,168, based on the Zillow Home Value Index.

Are home values rising in 71854?

Home values in 71854 are up 1.7% over the past year, and up 2.4% a year over five years.

What is the typical rent in 71854?

A typical home in 71854 rents for about $1,223 a month, a gross rental yield of 8.8%.

What is the property tax rate in 71854?

The effective property tax rate in 71854 is 0.6% — roughly $950 a year on a typical home.

ZIP code 71854 has a population of 35,720 and a median household income of $46,878.

HousingHandbookReference data

…

U.S. ZIP Code · AR71854

Miller County · Texarkana, TX-AR

Typical home value

$166,168^[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year: +1.7%
5-year / yr: +2.4%
10-year / yr: +3.6%

Relative price

vs U.S.: -41.5%
vs metro: -4.6%
vs state: -10.3%

Price history

Zillow Home Value Index — monthly, smoothed and seasonally adjusted.

The typical home in 71854 is worth $166,168 — 4.6% below the Texarkana, TX-AR median. Over the past year, values have risen 1.7%. Homes here rent for a typical $1,223 a month — a 8.8% gross rental yield. The effective property tax rate is 0.6%.

#Rent & investment

Typical asking rent, and the returns it implies at the current home value.

Monthly rent: $1,223^[2]
Gross yield: 8.8%^[2]
Cap rate: 5.3%^[2]

#Property tax

Effective rate — total real estate taxes paid relative to total home value.

Effective tax rate: 0.6%^[3]
Typical annual tax: $950^[3]

#Climate risk

FEMA National Risk Index ratings for Miller County. "Not Applicable" means the hazard does not threaten the county.

Overall risk: Relatively Low^[4]
Riverine flood: Relatively Low
Coastal flood: Not Applicable
Wildfire: Relatively Low
Drought: Relatively Moderate
Heat wave: Relatively Moderate
Hurricane: Very Low
Tornado: Relatively Moderate
Earthquake: Relatively Low
Winter weather: Relatively Moderate

#Who lives here

Population: 35,720^[3]
Median household income: $46,878^[3]

#Migration

Household moves in and out of Miller County over a year, from IRS tax-return data.

Net migration: +26^[5]
Moved in: 1,333
Moved out: 1,307

Schools

Open public schools in this ZIP, from the NCES Common Core of Data.

Public schools: 12
Elementary: 6
Middle: 3
High: 2

ARKANSAS MIDDLE SCHOOL
Middle · Grades 6–8 · TEXARKANA SCHOOL DISTRICT
876 students
EDWARD D. TRICE ELEMENTARY SCHOOL
Elementary · Grades K–5 · TEXARKANA SCHOOL DISTRICT
512 students
COLLEGE HILL HARMONY LEADERSHIP ACADEMY
Elementary · Grades K–5 · TEXARKANA SCHOOL DISTRICT
412 students
GENOA CENTRAL ELEM. SCHOOL
Elementary · Grades K–3 · GENOA CENTRAL SCHOOL DISTRICT
383 students
VERA KILPATRICK ELEM. SCHOOL
Elementary · Grades K–5 · TEXARKANA SCHOOL DISTRICT
374 students

Run the numbers

Interactive calculators pre-filled with this ZIP's typical home value, rent, and property-tax rate. Edit any field to recompute.

Home value$Monthly rent$

Gross yield8.8%

Net yield (after ~40% expenses)5.3%

Annual rent$14,670

Gross and net yield are estimates based on the inputs and the selected expense ratio. Actual income and expenses will vary by property and market. Not investment advice.

Home price$Down payment%Interest rate%Loan termyears

Monthly payment$840

Loan principal$132,935

Down payment$33,234

Total interest paid$169,551

Estimated monthly payments include principal and interest only. Actual costs will include property tax, insurance, possibly PMI, and HOA fees not modeled here. Loan terms shown are estimates; consult a licensed lender for current rates and qualification.

Home price$Monthly rent$Down payment%Mortgage rate%Property tax rate% / yrMaintenance% / yrRule of thumb: 1% of home value per year.

Own : rent ratio0.87

Monthly cost to own$1,058

Monthly rent$1,223

Owning is meaningfully cheaper month-to-month.

This calculator projects multi-year scenarios based on assumptions about appreciation, rent growth, and investment returns — none of which are guaranteed. Actual outcomes depend on variables this tool cannot know. Not financial or real estate advice.

#Metro ranking

Where this ZIP sits among others in its metro area.

Appreciation: 67th percentile^[1]
Rental yield: 100th percentile^[2]
Property tax: 10th percentile^[3]

Rankings

Top-10 lists this ZIP code appears on.

7th for highest rental yield in ARView list →

Frequently asked

How much is a home worth in ZIP code 71854?: The typical home in 71854 is worth $166,168, based on the Zillow Home Value Index.
Are home values rising in 71854?: Home values in 71854 are up 1.7% over the past year, and up 2.4% a year over five years.
What is the typical rent in 71854?: A typical home in 71854 rents for about $1,223 a month, a gross rental yield of 8.8%.
What is the property tax rate in 71854?: The effective property tax rate in 71854 is 0.6% — roughly $950 a year on a typical home.
Who lives in 71854?: ZIP code 71854 has a population of 35,720 and a median household income of $46,878.

#Comparable ZIPs

Same metro, nearest typical home value. Each card shows the comparable ZIP's headline numbers so you can scan at a glance.

75561 vs 71854 →
Hooks, TX
Typical home
$163,996
Gross yield
—
75570 vs 71854 →
New Boston, TX
Typical home
$172,814
Gross yield
—
75569
Nash, TX
Typical home
$157,091
Gross yield
—
75573
Redwater, TX
Typical home
$175,681
Gross yield
—
75501
Texarkana, TX
Typical home
$155,581
Gross yield
—
71822
Ashdown, AR
Typical home
$151,343
Gross yield
—

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#Jump to section

U.S. ZIP Code · AR71854

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