The story of this market
The typical home in ZIP 72701 sells for about $391,000, or $218 per square foot.
Prices are up +1.4% from a year ago, so sellers still have some momentum. Homes take about 31 days to sell. HUD's fair market rent for a two-bedroom is $896 a month.
ZIP 72701 — Fayetteville
The 72701 housing market shows moderate growth with a 1.4% year-over-year increase in median sale prices. Demand remains steady, driven by the university-centric population, though inventory levels and specific market metrics like months of supply are not fully captured in current public reports.
This ZIP is ideal for students, university faculty, and young professionals who value proximity to the University of Arkansas and the vibrant downtown Fayetteville lifestyle.
Median prices moved up 1.4% year over year.
Homes spend a median of 31 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) · unemployment 6.5% · poverty 28.3% — a mixed stability profile.
ZCTA 72701, Washington County AR
The area is served by the Fayetteville Public School District, which generally maintains a strong reputation within the region for academic performance.
The area benefits from the presence of the University of Arkansas and a growing regional economy driven by corporate headquarters in Northwest Arkansas.
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 local arterial roads to the University of Arkansas campus and downtown Fayetteville employment hubs.
The ZIP features proximity to the Razorback Regional Greenway, numerous city parks, and the cultural amenities of the University of Arkansas campus.
The rental market is characterized by high demand from the student population, with vacancy pressure remaining tight near the university.
The economy is heavily anchored by the University of Arkansas and the broader Northwest Arkansas regional economy, which includes major retail and logistics employers.
The area is served by local bus transit and is highly accessible via I-49, which connects Fayetteville to the rest of the Northwest Arkansas metro.
Ongoing development includes various mixed-use projects near the university and downtown core aimed at increasing housing density.
The Washington County Assessor manages property valuations, with assessments typically updated to reflect market value changes annually.
Parcels in this ZIP are subject to Fayetteville Public School District taxes and various municipal utility and improvement districts.
Data retrieved from U.S. Census Bureau and ZipDataPortal.
The flagship university campus serves as the primary economic and cultural anchor for the area.
A major multi-use trail system connecting Fayetteville to other Northwest Arkansas cities.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.