The story of this market
The typical home in ZIP 72704 sells for about $367,000, or $206 per square foot.
Prices are down 2.2% from a year ago, which gives buyers more room to negotiate. Homes take about 16 days to sell, which is fast. HUD's fair market rent for a two-bedroom is $1,650 a month.
ZIP 72704 — Fayetteville
The 72704 housing market remains competitive, supported by strong regional economic growth and high demand for housing near the University of Arkansas. While year-over-year price growth has moderated, inventory remains tight, keeping the market in a stable position for sellers. Buyers are facing higher price points, but the area's long-term growth prospects continue to attract investment.
This ZIP is ideal for families and professionals seeking a balance between suburban living and proximity to the University of Arkansas and regional employment centers.
Median prices moved down 2.2% year over year.
Homes spend a median of 16 days on market with 3.2 months of supply — a fast-moving market.
13% 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 2.8% · poverty 7.5% — 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 7.3%/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 72704, Washington County AR
Crime rates in the 72704 area remain relatively low compared to the broader Fayetteville urban core, with property crime being the primary concern reported in residential neighborhoods.
Schools serving this ZIP are part of the Fayetteville Public School District, which is generally characterized as high-performing with strong academic and extracurricular programs.
The area faces moderate risk from severe thunderstorms and occasional wind events, with localized flood risks in low-lying areas near the White River basin.
Economic momentum is driven by the proximity to the University of Arkansas and the regional headquarters of major retail and logistics firms 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 I-49 and Highway 112 toward the employment hubs of Fayetteville, Springdale, and Rogers.
The area features extensive access to the Razorback Regional Greenway, Kessler Mountain Regional Park, and various neighborhood parks and golf courses.
The rental market is tight due to student demand from the University of Arkansas, with steady rent growth and low vacancy rates for quality housing.
The economy is anchored by the University of Arkansas, Tyson Foods, and a growing cluster of technology and logistics companies in the NWA region.
The area is served by Ozark Regional Transit, though private vehicle ownership remains the primary mode of transportation for most residents.
Ongoing development of mixed-use residential and commercial projects along the Wedington Drive corridor is a primary focus for city planners.
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 utility and fire protection district assessments.
Property insurance premiums are rising due to regional exposure to severe weather, including hail and wind damage common in Northwest Arkansas.
Arkansas continues to see net positive domestic migration, driven by the economic growth of the Northwest Arkansas metro area.
Arkansas is a non-judicial foreclosure state, allowing for relatively efficient processing of defaulted mortgages.
Sellers are required to provide a property disclosure statement detailing known material defects, though the state is generally caveat emptor.
Data retrieved from data.census.gov ZCTA 72704 profile 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 regional park with extensive hiking and mountain biking trails.
A 40-mile paved trail system connecting Fayetteville to other NWA cities.
Historic site offering scenic views and community events.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.