The story of this market
The typical home in ZIP 72118 sells for about $140,000, or $115 per square foot.
Prices are down 1.06% from a year ago, which gives buyers more room to negotiate. Homes take about 56 days to sell. HUD's fair market rent for a two-bedroom is $995 a month.
ZIP 72118
The 72118 housing market is currently balanced, with a median listing price of $140,000 and a stable inventory level. Market activity reflects steady demand for affordable housing, though year-over-year price growth remains slightly negative. Data for specific tax rates and school ratings at the ZIP level were not available in current public reports.
This ZIP is well-suited for budget-conscious family buyers and investors seeking entry-level housing in a balanced market.
Median prices moved down 1.1% year over year.
Homes spend a median of 56 days on market with 3.2 months of supply — a fast-moving market.
20% of listings have cut prices · homes sell at 96.2% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 5.8% · poverty 19.2% — a mixed stability profile.
versus the prior ACS vintage
ZCTA 72118, 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 area provides direct access to North Little Rock and Little Rock employment centers via local highway corridors.
The area features local parks and proximity to North Little Rock shopping and dining districts.
The rental market is characterized by balanced affordability with a median asking rent of $995.
The local economy is anchored by the broader North Little Rock and Little Rock metropolitan industry mix.
The area is served by regional highway corridors connecting to the Little Rock employment core.
Data retrieved from US Census Bureau ZCTA 72118 profiles.
Local green spaces serving the community.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.