How much is a home worth in ZIP code 72404?

The typical home in 72404 is worth $265,427, based on the Zillow Home Value Index.

Are home values rising in 72404?

Home values in 72404 are up 4.2% over the past year, and up 5.1% a year over five years.

What is the typical rent in 72404?

A typical home in 72404 rents for about $1,460 a month, a gross rental yield of 6.6%.

What is the property tax rate in 72404?

The effective property tax rate in 72404 is 0.6% — roughly $1,601 a year on a typical home.

ZIP code 72404 has a population of 29,968 and a median household income of $70,269.

HousingHandbookReference data

…

U.S. ZIP Code · AR72404

Craighead County · Jonesboro, AR

Typical home value

$265,427^[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year: +4.2%
5-year / yr: +5.1%
10-year / yr: +4.3%

Relative price

vs U.S.: -6.6%
vs metro: +80.6%
vs state: +43.3%

Price history

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

The typical home in 72404 is worth $265,427 — 80.6% above the Jonesboro, AR median. Over the past year, values have risen 4.2%. Homes here rent for a typical $1,460 a month — a 6.6% 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: $1,460^[2]
Gross yield: 6.6%^[2]
Cap rate: 4.0%^[2]

#Property tax

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

Effective tax rate: 0.6%^[3]
Typical annual tax: $1,601^[3]

#Climate risk

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

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

#Who lives here

Population: 29,968^[3]
Median household income: $70,269^[3]

#Migration

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

Net migration: +220^[5]
Moved in: 3,092
Moved out: 2,872

Schools

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

Public schools: 8
Elementary: 4
Middle: 2
High: 2

VALLEY VIEW INTERMEDIATE SCHOOL
Elementary · Grades 3–6 · VALLEY VIEW SCHOOL DISTRICT
904 students
WESTSIDE ELEMENTARY SCHOOL
Elementary · Grades PK–4 · WESTSIDE CONS. SCH DIST(CRAIGH
785 students
VALLEY VIEW ELEMENTARY SCHOOL
Elementary · Grades PK–2 · VALLEY VIEW SCHOOL DISTRICT
729 students
WESTSIDE HIGH SCHOOL
High · Grades 8–12 · WESTSIDE CONS. SCH DIST(CRAIGH
694 students
VALLEY VIEW JUNIOR HIGH SCHOOL
Middle · Grades 7–9 · VALLEY VIEW SCHOOL DISTRICT
689 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 yield6.6%

Net yield (after ~40% expenses)4.0%

Annual rent$17,524

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$1,342

Loan principal$212,342

Down payment$53,085

Total interest paid$270,831

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 ratio1.16

Monthly cost to own$1,696

Monthly rent$1,460

Renting 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: 69th percentile^[1]
Rental yield: 0th percentile^[2]
Property tax: 85th percentile^[3]

Frequently asked

How much is a home worth in ZIP code 72404?: The typical home in 72404 is worth $265,427, based on the Zillow Home Value Index.
Are home values rising in 72404?: Home values in 72404 are up 4.2% over the past year, and up 5.1% a year over five years.
What is the typical rent in 72404?: A typical home in 72404 rents for about $1,460 a month, a gross rental yield of 6.6%.
What is the property tax rate in 72404?: The effective property tax rate in 72404 is 0.6% — roughly $1,601 a year on a typical home.
Who lives in 72404?: ZIP code 72404 has a population of 29,968 and a median household income of $70,269.

#Comparable ZIPs

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

72417 vs 72404 →
Brookland, AR
Typical home
$229,797
Gross yield
6.6%
72416 vs 72404 →
Bono, AR
Typical home
$204,729
Gross yield
—
72401
Jonesboro, AR
Typical home
$187,779
Gross yield
7.5%
72437
Lake City, AR
Typical home
$166,413
Gross yield
—
72447
Monette, AR
Typical home
$155,097
Gross yield
—
72432
Harrisburg, AR
Typical home
$152,545
Gross yield
—

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Pit ZIP 72404 against any other ZIP — full side-by-side table.

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#Jump to section

U.S. ZIP Code · AR72404

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