The story of this market
The typical home in ZIP 72702 sells for about $385,000, or $205 per square foot.
Prices are up +4.3% from a year ago, so sellers still have some momentum. Homes take about 32 days to sell. HUD's fair market rent for a two-bedroom is $1,720 a month.
ZIP 72702
The housing market in ZIP 72702 remains robust, characterized by steady price appreciation and high demand for residential properties. Low inventory levels continue to drive competitive bidding, while the area's strong economic foundation and proximity to the University of Arkansas support long-term growth.
This area is well-suited for families, university-affiliated professionals, and commuters who value access to both urban amenities and outdoor recreation.
Median prices moved up 4.3% year over year.
Homes spend a median of 32 days on market with 3.8 months of supply — a fast-moving market.
19% of listings have cut prices · homes sell at 98.2% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 3.2% · poverty 12.5% — 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 8.5%/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 7.8%/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 72702, Washington County AR
Crime trends in the Fayetteville area are generally stable, with property crime rates remaining consistent with regional averages for Northwest Arkansas.
Schools serving the Fayetteville area are highly regarded, with the Fayetteville Public School District consistently maintaining strong academic performance ratings.
The area faces moderate risks from severe thunderstorms and occasional flash flooding, with standard insurance coverage typically available for these hazards.
Fayetteville benefits from significant economic momentum driven by the University of Arkansas and the broader Northwest Arkansas corporate corridor, including major retail and logistics employers.
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.
Commute times are generally efficient, with access to I-49 providing a primary corridor for travel throughout the Fayetteville-Springdale-Rogers metro area.
The area features extensive access to the Razorback Regional Greenway, numerous city parks, and proximity to the Ozark Mountains for outdoor recreation.
The rental market is characterized by high demand and low vacancy rates, driven by the student population and a growing professional workforce.
The economy is anchored by the University of Arkansas, Tyson Foods, and a robust network of logistics and retail support services.
The area is served by the Ozark Regional Transit system and is bisected by I-49, the primary north-south highway corridor.
Ongoing development focuses on infill projects and the expansion of mixed-use residential and commercial spaces near the university.
The Washington County Assessor's office conducts periodic reappraisals to ensure property values align with market conditions.
Parcels are subject to Fayetteville Public School District taxes and various municipal improvement districts.
Property insurance premiums are influenced by regional weather patterns, including wind and hail exposure common in the Ozarks.
Arkansas continues to see positive net domestic migration, particularly in the Northwest Arkansas region.
Arkansas is a non-judicial foreclosure state, allowing for a streamlined process under the power of sale clause in deeds of trust.
Sellers are required to provide a property disclosure statement detailing known material defects to potential buyers.
Data retrieved from ZCTA-level ACS tables; figures represent estimates for the 72702 ZIP code.
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.
A 40-mile paved trail connecting Fayetteville to Bella Vista.
The primary hub for dining, nightlife, and cultural events in downtown Fayetteville.
A major regional attraction featuring themed gardens and educational programs.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.