The story of this market
The typical home in ZIP 72002 sells for about $329,900, or $156 per square foot.
Prices are roughly flat from a year ago (-0.3%), a market in balance. Homes take about 51 days to sell. HUD's fair market rent for a two-bedroom is $1,122 a month.
ZIP 72002 — Alexander
The housing market in ZIP 72002 shows signs of stability with a median listing price of $329,900. While inventory levels are rising, the market remains balanced, reflecting broader trends in the Little Rock-North Little Rock-Conway metropolitan area. Some figures, such as specific historical tax and price trajectories, were not available at the ZIP level and are omitted.
This ZIP is well-suited for family buyers and commuters seeking suburban housing options with relatively higher median household incomes compared to the surrounding metro area.
Median prices moved down 0.3% year over year.
Homes spend a median of 51 days on market with 3.5 months of supply — a fast-moving market.
20% of listings have cut prices · homes sell at 98.5% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 3.8% · poverty 15.5% — a stable, low-distress profile.
versus the prior ACS vintage
ZCTA 72002
The area is experiencing steady residential development as part of the broader Little Rock-North Little Rock-Conway metropolitan expansion.
Composed from the ARED governance burden registry — tier-native tax structure (state + county + city + special districts), never averaged. State (Arkansas) — Arkansas Disabled Veteran Total Property Tax Exemption: Provides a 100% exemption from all ad valorem real property taxes on the principal homestead. Formula: Net Ad Valorem Tax Due = $0.00. State (Arkansas) — Arkansas Senior and Disabled Assessment Freeze: Freezes the assessed taxable value of the homestead at the prevailing assessed value at the time the owner becomes eligible or purchases the property. State (Arkansas) — Arkansas State Homestead Property Tax Credit: Provides a direct reduction against ad valorem property taxes up to $350.00 (increased to $350 by Act 655 of 2009; further statutory increases may apply up to $425 depending on legislative session). Formula: Final Tax Due = max($0, Gross Ad Valorem Tax - Homestead Credit). State (Arkansas) — Arkansas Amendment 79 Assessment Growth Caps (Assessment Limitation): Caps annual assessed value growth following a countywide reappraisal: homestead parcel taxable assessments cannot increase by more than 5% per year, and non-homestead residential parcel taxable assessments cannot increase by more than 10% per year until taxable assessment reaches… State (Arkansas) — Arkansas Ad Valorem Property Tax Assessment Ratio and Valuation: Imposes an ad valorem property tax based on a uniform statutory assessment ratio of 20% of true market value.
Residents primarily commute via I-30 and I-430 toward the Little Rock employment core, with typical drive times ranging from 20 to 30 minutes.
The area features access to local community parks and proximity to the outdoor amenities of the Arkansas River valley and nearby state parks.
The rental market is characterized by moderate demand, with vacancy rates influenced by the area's suburban residential nature and proximity to regional employment hubs.
The economy is anchored by the broader Little Rock-North Little Rock-Conway metropolitan area, which features a diverse mix of government, healthcare, and logistics employers.
The area is served by major highway corridors including I-30 and I-430, facilitating regional connectivity to the Little Rock metro core.
Development activity is focused on residential expansion and supporting infrastructure improvements within the suburban fringe of the Little Rock metro.
Parcels are subject to local school district taxes and county-level assessments for public services.
Data retrieved from Census Reporter ZCTA 72002 profile.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.