The story of this market
The typical home in ZIP 72117 sells for about $130,000, or $112 per square foot.
Prices are up +3.5% 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 $1,000 a month.
ZIP 72117
The 72117 housing market is characterized by affordable entry-level pricing and steady demand, though it faces challenges with higher poverty rates and lower median incomes compared to the broader metro area. Recent data shows modest price appreciation, but inventory remains constrained. Figures for specific metrics like months of supply and price-cut percentages are estimated based on regional trends as precise ZIP-level data is not consistently published.
This ZIP is well-suited for budget-conscious family buyers and renters seeking proximity to the Little Rock metro area without the higher price points of more central urban districts.
Median prices moved up 3.5% year over year.
Homes spend a median of 55 days on market with 4.2 months of supply — a fast-moving market.
15% of listings have cut prices · homes sell at 97.5% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 6.2% · poverty 26.3% — a mixed stability profile.
versus the prior ACS vintage
ZCTA 72117, Pulaski County AR
Schools in the area are generally rated below the state average, with performance metrics varying significantly by specific school site.
The area is subject to standard regional risks including severe thunderstorms and occasional tornado activity common to Central Arkansas.
Economic momentum is driven by proximity to the North Little Rock and Little Rock employment hubs, with steady but modest 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 typically commute by car to the Little Rock-North Little Rock employment core, with average travel times around 21 minutes.
The area features local parks and proximity to the Arkansas River trail system, providing access to outdoor recreation and community green spaces.
The rental market is characterized by high demand for affordable housing, with a significant share of the population living in renter-occupied units.
The local economy is anchored by the broader Little Rock-North Little Rock-Conway metropolitan area, which features a mix of government, healthcare, and logistics employers.
The area is primarily served by regional highway corridors connecting to the Little Rock metro core, with limited public transit infrastructure.
Development is focused on infill residential projects and small-scale commercial improvements within the existing urban footprint.
The Pulaski County Assessor maintains property valuations based on periodic reappraisals to ensure equitable distribution of tax burdens.
Parcels are subject to standard municipal and county-level taxing districts, including school and library district levies.
Property insurance premiums are influenced by regional exposure to severe weather events, including wind and hail damage.
Data retrieved from Census Reporter and data.census.gov ZCTA 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.
Extensive regional trail system providing recreational access along the riverfront.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.