The story of this market
The typical home in ZIP 72703 sells for about $528,000, or $254 per square foot.
Prices are up +8.34% from a year ago, so sellers still have some momentum. Homes take about 64 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $1,500 a month.
ZIP 72703 — Fayetteville
The 72703 housing market is currently balanced, characterized by steady price appreciation and moderate inventory levels. Strong demand driven by the University of Arkansas and regional economic growth continues to support property values despite higher interest rates.
This ZIP is ideal for families, university-affiliated professionals, and those seeking a balance of urban amenities and suburban comfort in a growing regional hub.
Median prices moved up 8.3% year over year.
Homes spend a median of 64 days on market with 6.2 months of supply — a balanced-paced market.
22% of listings have cut prices · homes sell at 99% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 3.2% · poverty 14.5% — 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 9.0%/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 72703, Washington County AR
Crime rates in Fayetteville are generally consistent with regional averages for a city of its size, with ongoing efforts by local law enforcement to address property crime trends.
The area is served by the Fayetteville Public School District, which is highly regarded for its academic programs and extracurricular offerings within the Northwest Arkansas region.
The region faces moderate risks from severe weather, including thunderstorms and occasional tornadoes, with standard insurance coverage typically available for these hazards.
Fayetteville benefits from the robust Northwest Arkansas economy, anchored by major corporate headquarters and the University of Arkansas, driving consistent infrastructure and 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 in 72703 enjoy relatively short commutes to the University of Arkansas and downtown Fayetteville, with easy access to I-49 for regional travel.
The ZIP code features extensive access to the Razorback Regional Greenway, numerous city parks, and proximity to the shopping and dining districts of central Fayetteville.
The rental market remains active due to the student population and regional job growth, with steady demand for both multi-family and single-family rental units.
The economy is driven by the University of Arkansas, regional healthcare systems, and the proximity to the corporate headquarters of major retailers in the NWA metro.
The area is served by I-49 and a network of arterial roads, with limited public transit options primarily focused on university and city bus routes.
City planning focuses on infill development and expanding the trail network to support the growing population.
The Washington County Assessor maintains property valuations based on annual market analysis and state-mandated reappraisal cycles.
Parcels are subject to Fayetteville Public School District taxes and various municipal service districts.
Property insurance premiums are influenced by regional weather patterns, with standard coverage widely available.
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Data retrieved from data.census.gov 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.
A 40-mile paved trail system connecting Fayetteville to other NWA cities.
Major indoor arena hosting University of Arkansas basketball.
The primary hub for nightlife, dining, and cultural events in Fayetteville.
No county-record distress flags across 1 researched property on the ARED base layer. Key-figure check: median price corroborated by the published ten-year series (2025) (within 12.5%).