Apartment Acquisitions · Jonesboro
Sell Your Commercial Property In Jonesboro, AR
Skyline Capital Investments buys commercial apartment buildings of 5+ units in Jonesboro and across Craighead County — listed or off-market, stabilized or value-add. Get clear feedback on your deal, typically within 48 hours.
- Clear feedback on your deal, typically within 48 hours
- 5 to 100+ units, stabilized or distressed, listed or off-market
- Owners, agents, and brokers welcome — every conversation is confidential
We buy:Tired landlordsEstate & trust sales1031 exchangesDeferred maintenanceHigh vacancyPartnership splits
Neighborhoods & Nearby Towns: Downtown Jonesboro · Nettleton · Brookland · Bono — Craighead County, AR
Local Demand
Our View On Jonesboro
Jonesboro had 80,137 residents in the Census Bureau's ACS 2020-2024 estimates, and renters occupied 45.7% of its homes. Rental vacancy was 3.4%, well under the Arkansas rate of 6.4%. Median gross rent was $956 a month, and HUD's FY2027 two-bedroom fair market rent for the Jonesboro metro area is $1,079.
Two institutions shape rental demand. Arkansas State University enrolled 18,775 students in fall 2026, and St. Bernards reports 5,100 team members. NEA Baptist Memorial Hospital adds a 228-bed hospital on East Johnson Avenue. St. Bernards says its system serves northeast Arkansas and southeast Missouri.
This profile is for owners who want to sell commercial property in Jonesboro, AR and need the figures buyers check first. It covers rents, apartment stock, Craighead County millage by school district, a worked $2,000,000 tax example and Arkansas landlord statutes. Each number links to the Census Bureau, HUD, the Arkansas Department of Finance and Administration or the institution that published it.
Arkansas State University
A-State reported a record 18,775 students for fall 2026, up 4.7% from 17,926 in fall 2025. A record 1,576 freshmen live on campus, with residence halls at 99.8% capacity.Regional hospital employers
St. Bernards reports 5,100 team members and a 457-bed acute care hospital in Jonesboro. NEA Baptist Memorial Hospital, at 4800 East Johnson Avenue, is a six-story, 228-bed hospital.Newer housing stock
In ACS 2020-2024, 20.9% of Jonesboro's 35,002 housing units were built in 2010 or later, against 14.2% statewide. Jonesboro's median year built is 1991.Our Buy Box
What We Buy In Jonesboro
Asset Type
Multifamily, 5+ Units
Apartment buildings and income-producing residential.
Size
5 – 100+ Units
Sweet spot: 15–25 units.
Condition
Stabilized To Distressed
Value-add, mismanaged, and high-vacancy properties welcome.
Deal Types
Listed Or Off-Market
Direct-to-owner, pocket listings, portfolios.
Local Market Data
Jonesboro Apartment Market
Figures gathered October 2026 from public market data.
Who rents in Jonesboro
Renters occupy 45.7% of Jonesboro's homes, or 14,591 of 31,913 occupied units, per the ACS 2020-2024 tenure table. Arkansas as a whole sits at 33.6%. Jonesboro holds 82.3% of the 17,725 renter households in Craighead County, where renters make up 39.9% of occupied homes.
Students at Arkansas State University add to that renter base. A-State reported 18,775 students for fall 2026, up 4.7% from 17,926 in fall 2025. A record 1,576 freshmen live on campus, and residence halls ran at 99.8% capacity.
Health care is the second anchor. St. Bernards reports 5,100 team members and a 457-bed acute care hospital in Jonesboro. NEA Baptist Memorial Hospital on East Johnson Avenue is a six-story, 228-bed hospital. Jonesboro's median household income was $55,424 in ACS 2020-2024, 8.8% below the Arkansas median of $60,773.
Jonesboro rents and affordability
Median gross rent in Jonesboro was $956 a month in ACS 2020-2024, $9 above the Arkansas median of $947. HUD's FY2027 fair market rents for the Jonesboro, AR HUD Metro FMR Area took effect October 1, 2026. The two-bedroom figure of $1,079 runs $123 above Jonesboro's median gross rent.
| Unit size | HUD FY2027 FMR, Jonesboro, AR HUD Metro FMR Area |
|---|---|
| Efficiency | $889 |
| One bedroom | $895 |
| Two bedrooms | $1,079 |
| Three bedrooms | $1,418 |
| Four bedrooms | $1,424 |
Many Jonesboro renters are cost-burdened. In ACS 2020-2024 table B25070, 49.0% of Jonesboro renter households paid 30% or more of income on gross rent. Some 26.5% paid 50% or more. In household terms, 7,148 of Jonesboro's 14,591 renter households crossed the 30% line.
Jonesboro's rental vacancy rate was 3.4% in the ACS 2020-2024 DP04 profile. Craighead County came in at 4.4%, and Arkansas at 6.4%. Owners who plan to sell commercial real estate in Jonesboro, AR can show buyers that tight occupancy when they underwrite rents.
Apartment stock in Jonesboro
Jonesboro has 5,478 housing units in buildings of five or more units, per ACS 2020-2024 table B25024. That is 15.7% of its 35,002 units and 90.3% of the 6,067 such units in Craighead County. Small complexes lead, with 2,224 units in 5-9 unit buildings and 1,696 in 10-19 unit buildings.
Larger properties are fewer. Buildings of 20-49 units hold 763 Jonesboro homes, and buildings of 50 or more hold 795. Duplex through fourplex buildings add another 4,950 units. Buildings under 20 units hold 3,920 of Jonesboro's 5,478 apartment-building units, or 71.6%.
Jonesboro's housing is newer than the state's. Its median year built is 1991 in table B25034, and 34.4% of units predate 1980. Some 20.9% were built in 2010 or later, against 14.2% for Arkansas.
Property taxes in Craighead County
Arkansas assesses real property at 20% of market value under Ark. Code 26-26-303(c), per the Assessment Coordination Division FAQ. A Jonesboro parcel in the Jonesboro School District pays 41.2 mills under the DFA 2025 Millage Report for 2026 collections. That total combines 33.1 school mills, 2 city mills and 6.1 county mills.
The school district line matters because Jonesboro spans several districts. A Jonesboro parcel in the Nettleton School District pays 51.48 mills, and one in Valley View pays 50.6. Jonesboro parcels in Westside pay 43.52 mills, and those in Brookland pay 46.63.
| Worked example, $2,000,000 building | Jonesboro School District | Nettleton School District |
|---|---|---|
| Assessed value at 20% | $400,000 | $400,000 |
| Total millage, 2026 collections | 41.2 | 51.48 |
| Annual property tax | $16,480 | $20,592 |
On a $2,000,000 building, 41.2 mills on a $400,000 assessment produce $16,480 a year. The same building in the Nettleton district owes $20,592, or $4,112 more. Arkansas also charges real property transfer tax of $3.30 per $1,000 of consideration, or $6,600 on a $2,000,000 sale.
The Assessment Coordination Division classes multifamily housing as commercial property and values it by sales comparison, cost or income approach. Assessors revisit each property during a reappraisal cycle of 3, 4 or 5 years. Taxes are due to the county collector by October 15. Assessment appeal hearings with the County Board of Equalization must be scheduled by the third Monday in August.
A sale can raise the tax bill. Amendment 79 limits post-reappraisal increases on non-homestead parcels to 10% a year, per the ACD FAQ. When a capped property is purchased, the cap is removed and the parcel is assessed at 20% of full value the following January 1. Anyone planning to sell commercial property in Jonesboro, AR should expect buyers to model that reset.
Landlord rules in Arkansas
Arkansas caps security deposits at two months' rent under Ark. Code 18-16-304. Ark. Code 18-16-305 requires the deposit back within 60 days after the tenancy ends, with deductions itemized in writing. The Arkansas Attorney General notes that the deposit law covers landlords who rent six or more dwellings.
Nonpayment of rent is grounds for eviction, and an unlawful detainer action requires three days' written notice to vacate, per the Attorney General. An oral lease takes one rental period's notice to end. Ark. Code 14-54-1409 bars local governments from ordinances that control rent, rental application fees or rental deposits.
That preemption means Jonesboro cannot set rent levels by ordinance. For anyone selling commercial property in Jonesboro, state statutes set the deposit and notice rules that buyers review in the lease files.
What it means for an owner in Jonesboro
Jonesboro pairs 3.4% rental vacancy with a 45.7% renter share, both from ACS 2020-2024. Its 41.2-mill core tax rate sits below the 47.17-mill Craighead County average in the DFA millage report. Those figures support pricing when you sell commercial property in Jonesboro, AR.
Buyers will also weigh the Amendment 79 reset, the school district millage and rents near HUD's $1,079 two-bedroom benchmark. Owners in Downtown Jonesboro, the Nettleton district, Brookland and Bono should gather rent rolls, deposit records and recent tax bills first. Test a price with our cap rate calculator.
Skyline Capital Investments buys 5+ unit apartment buildings in Jonesboro and across Craighead County. If you want to sell your apartment building in Jonesboro, start with our direct sale page. A direct sale skips public listing and showings.
Seller Notes
What Shapes A Jonesboro Offer
More about selling in Arkansas →Investing in Jonesboro? See apartment syndications in Jonesboro →
- Census figures cover Jonesboro city, Craighead County and Arkansas separately, from ACS 2020-2024 tables B01003, B25003, B25024, B25034, B25064, B25070 and DP04.
- Millage totals come from the DFA 2025 Millage Report for 2026 collections. They range from 41.2 mills in the Jonesboro district to 51.48 in Nettleton.
- Owners preparing to sell commercial real estate in Jonesboro, AR should budget $6,600 in Arkansas transfer tax on a $2,000,000 sale, at $3.30 per $1,000.
- HUD fair market rents apply to the Jonesboro, AR HUD Metro FMR Area from October 1, 2026, and serve as program benchmarks, not asking rents.
Seller Guides
Selling A Building In Jonesboro
Learn More
Taxes & Rules For Jonesboro Property
The Arkansas rules that shape any deal in Jonesboro: what a sale costs in tax, how buildings are taxed, what landlords must follow, and how to defer gains.
Jonesboro Seller FAQ
What do buyers look at when I sell commercial property in Jonesboro, AR?
Buyers start with occupancy, rent and tax figures. Jonesboro's rental vacancy was 3.4% in ACS 2020-2024, and median gross rent was $956 a month. HUD's FY2027 two-bedroom fair market rent is $1,079. Inside the Jonesboro School District, the 2025 millage for 2026 collections totals 41.2 mills. Skyline Capital Investments buys 5+ unit apartment buildings in Jonesboro, Brookland and Bono.
How is my apartment building taxed in Craighead County?
Arkansas assesses property at 20% of market value under Ark. Code 26-26-303(c). The Assessment Coordination Division classes multifamily housing as commercial property. A $2,000,000 building in the Jonesboro School District is assessed at $400,000, and 41.2 mills produce $16,480 a year. In the Nettleton School District, 51.48 mills produce $20,592 a year.
Will the property taxes go up after I sell?
They can for the buyer. Amendment 79 limits post-reappraisal increases on non-homestead parcels to 10% a year. The Assessment Coordination Division FAQ says that when a capped property is purchased, the cap is removed. The parcel is then assessed at 20% of full value the following January 1, under Ark. Code 26-26-1123. Buyers in Jonesboro will factor that into their offers.
How much transfer tax is due when I sell commercial real estate in Jonesboro, AR?
Arkansas levies a real property transfer tax on deeds under Ark. Code 26-60-101 and following sections. The Department of Finance and Administration sets the rate at $3.30 per $1,000 of actual consideration on transactions over $100. On a $2,000,000 sale, the tax is $6,600. Which party pays it is a term to settle in the purchase contract.
What are the security deposit rules for my Jonesboro tenants?
Ark. Code 18-16-304 caps deposits at two months' rent. Ark. Code 18-16-305 requires the deposit back within 60 days after the tenancy ends, with deductions itemized in a written notice. The Arkansas Attorney General notes that the deposit law covers landlords who rent six or more dwellings. If you sell your apartment building in Jonesboro, hand the buyer the deposit ledger with the rent roll.
What should I know before I sell multifamily property in Jonesboro?
Jonesboro has 5,478 units in buildings of five or more units and a 1991 median year built, per ACS 2020-2024. Ark. Code 14-54-1409 bars local governments from ordinances that control rent, rental application fees or rental deposits. Buyers will compare your rents with the $956 median gross rent and HUD's $1,079 two-bedroom benchmark.
What if my Jonesboro building has vacancies or deferred maintenance?
That is often where we add the most value. We buy buildings that need renovation, new management, or lease-up, and we account for that in our offer.
Do you work with Jonesboro brokers and agents?
We do. Agents can bring us listed or pocket-listing deals in Jonesboro, and we keep every conversation confidential.
Is it possible to sell rental property in Jonesboro without evicting tenants?
It is. We buy apartment buildings occupied, and tenants stay on their current leases. Skyline Capital Investments is a commercial real estate buyer of 5+ unit buildings, so occupied properties are the norm for us.
What do I need to sell my apartment building in Jonesboro?
An address and unit count are enough to start. A current rent roll and trailing twelve-month statement let us move to a written offer faster.
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Tell Us About Your Property In Jonesboro
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