The story of this market
The typical home in ZIP 72023 sells for about $263,000, or $147 per square foot.
Prices are up +9.6% from a year ago, so sellers still have some momentum. Homes take about 76 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $1,121 a month.
ZIP 72023
The 72023 housing market shows moderate growth with a 9.6% year-over-year increase in median sale prices. Market activity remains steady, though some metrics like rent and specific tax history are not currently published at the ZIP level. The area continues to attract families looking for suburban affordability within the Little Rock metro.
This ZIP is well-suited for family buyers and commuters seeking suburban housing options with a lower cost of living compared to the urban core of Little Rock.
Median prices moved up 9.6% year over year.
Homes spend a median of 76 days on market with 0.0 months of supply — a balanced-paced market.
0% of listings have cut prices · homes sell at 0% of asking — demand is holding steady.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) — a stable, low-distress profile.
ZCTA 72023
The area is served by the Cabot School District, which is generally characterized as a stable suburban district for the region.
The area is experiencing steady suburban growth as a bedroom community for the Little Rock-North Little Rock metro area, with ongoing residential development.
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 highway corridors toward the Little Rock-North Little Rock employment core.
The area features local parks and community facilities typical of suburban Cabot, with access to regional outdoor recreation in central Arkansas.
The rental market is characterized by a 27% renter share, with demand driven by the area's affordability relative to the broader metro.
The economy is largely driven by the Little Rock-North Little Rock metro area, with local employment concentrated in retail, education, and services.
Transportation is primarily automobile-dependent, relying on regional highway infrastructure for access to the metro area.
Residential development continues to expand in the Cabot area to accommodate population growth.
Parcels are subject to local school district and county-level property tax assessments.
Data sourced from U.S. Census Bureau and ACS profiles.
Public schools whose reported address is in this area (NCES). Not attendance boundaries — schools that serve residents may sit outside it. Check the district's address locator for assignment.
Provides various community parks and athletic facilities serving the local population.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.