The story of this market
The typical home in ZIP 72116 sells for about $254,000, or $155 per square foot.
Prices are up +9.2% from a year ago, so sellers still have some momentum. Homes take about 55 days to sell. HUD's fair market rent for a two-bedroom is $1,126 a month.
ZIP 72116
The 72116 ZIP code exhibits a cautious market sentiment with a median home price of $254,000 and median rent of $1,126. Market indicators suggest potential softness, and investors are advised to account for vacancy and maintenance costs. Several specific metrics, such as exact sales counts and tax rates, were not available at the ZIP level and are omitted.
This area is suited for those seeking established residential pockets in North Little Rock, though it requires careful underwriting for investors due to potential softness in key market indicators.
Median prices moved up 9.2% year over year.
Homes spend a median of 55 days on market with 0.0 months of supply — a fast-moving 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 72116, Pulaski County AR
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.
The rental market in 72116 shows a median rent of $1,126/mo, though investors are cautioned that vacancy, delinquency, and capital expenditure requirements can impact actual returns.
The area is part of the broader Little Rock-North Little Rock-Conway market, which features a diverse mix of government, healthcare, and logistics employers.
Data sourced from ACS and Census Bureau profiles.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.