The story of this market
The typical home in ZIP 72120 sells for about $349,000, or $168 per square foot.
Prices are up +2.4% from a year ago, so sellers still have some momentum. Homes take about 42 days to sell. HUD's fair market rent for a two-bedroom is $1,350 a month.
ZIP 72120
The 72120 housing market shows steady demand with a median listing price of $349,000 and a stable year-over-year price trend. Inventory levels remain balanced, supported by consistent interest from family buyers and commuters. The market is currently characterized by moderate activity and stable pricing expectations.
This ZIP is well-suited for family buyers and commuters seeking suburban living with convenient access to the Little Rock metro area. It offers a balance of affordability and established community amenities, making it attractive for those looking for stable, long-term residential options.
Median prices moved up 2.4% year over year.
Homes spend a median of 42 days on market with 3.1 months of supply — a fast-moving market.
18% 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 8.5% — a stable, low-distress profile.
Researched annual trajectory for this ZIP, from published historical series
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 10.1%/yr trend — a deterministic estimate, not a published forecast or guarantee.
Median annual property tax paid on this ZIP's residential parcels
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 8.3%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
net influx — more people moved in than out
ZCTA 72120, Pulaski County AR
Sherwood generally reports crime rates consistent with suburban averages in the Little Rock metro area, with property crime being the primary concern. Local law enforcement maintains active community policing initiatives to address neighborhood safety.
The area is primarily served by the Pulaski County Special School District and the North Little Rock School District, which generally maintain moderate performance ratings. Families often prioritize specific school zones within the district boundaries when selecting residential locations.
The region is subject to standard central Arkansas weather risks, including severe thunderstorms and occasional tornado activity. Flood risk is localized to specific low-lying areas near regional creeks, and property insurance premiums reflect these regional climate exposures.
Economic momentum is driven by proximity to the Little Rock employment core and local retail expansion along the Highway 67/167 corridor. Development is characterized by steady suburban residential growth and supporting commercial infrastructure.
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 67/167, providing direct access to downtown Little Rock and North Little Rock employment hubs. Traffic is generally manageable, though peak-hour congestion occurs at major interchanges.
The area features significant outdoor amenities including the Sherwood Forest park system, various community sports complexes, and proximity to the Arkansas River trail system. Retail and dining options are concentrated along the main commercial thoroughfares.
The rental market is characterized by stable demand from families and commuters, with a mix of single-family homes and apartment complexes. Vacancy rates remain low, and rent growth has tracked with broader regional inflation trends.
The local economy is anchored by retail, healthcare, and government services, with strong ties to the broader Little Rock metropolitan labor market. Major employers include regional medical centers and public school districts.
Transportation is heavily reliant on private vehicles, with Highway 67/167 serving as the primary artery. Public transit options are limited, primarily consisting of regional bus connections to the Little Rock core.
Development is focused on residential infill and the modernization of existing commercial centers. Municipal planning emphasizes sustainable growth and infrastructure maintenance.
The Pulaski County Assessor manages property valuations, with assessments typically updated on a cyclical basis to reflect market value changes. The county utilizes a standard mass appraisal system for residential properties.
Parcels are subject to various special districts, including school districts, fire protection districts, and municipal utility service areas. Some newer developments may be subject to specific improvement district assessments.
Property insurance premiums are influenced by regional weather patterns, including wind and hail risk. Market health is stable, though insurers remain sensitive to severe weather event history.
Data retrieved from US Census Bureau ZCTA-level tables.
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.
Large community park featuring trails and recreational facilities.
Provides indoor and outdoor athletic facilities for residents.
Public-access golf course serving the local community.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.