The story of this market
The typical home in ZIP 72718 sells for about $567,000, or $295 per square foot.
Prices are up +3.2% from a year ago, so sellers still have some momentum. Homes take about 45 days to sell. HUD's fair market rent for a two-bedroom is $1,818 a month.
ZIP 72718
The 72718 housing market remains strong, driven by high demand from professionals relocating to the Northwest Arkansas corporate corridor. While inventory is tight and prices have appreciated significantly, the area's top-rated schools and economic stability continue to attract family buyers. Note that some specific metrics like exact closed sales counts are estimated based on regional trends as precise monthly ZIP-level data is not publicly published.
This ZIP is ideal for families and corporate professionals seeking a quiet, suburban lifestyle with access to top-tier schools and proximity to the region's major corporate headquarters.
Median prices moved up 3.2% year over year.
Homes spend a median of 45 days on market with 4.2 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 2.8% · poverty 3.2% — 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 9.8%/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 7.7%/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 72718, Benton County AR
Crime rates in Cave Springs remain low relative to the broader Northwest Arkansas region, with the area characterized by a quiet, suburban safety profile.
The ZIP is served by highly-regarded districts, most notably the Bentonville School District, which is frequently cited for its academic performance and resources.
The area faces standard regional risks including severe thunderstorms and occasional tornado activity; flood risk is generally localized to specific drainage basins.
Cave Springs is experiencing rapid residential expansion driven by its proximity to the corporate headquarters of Walmart, Tyson Foods, and J.B. Hunt in the surrounding metro.
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, providing direct access to the major employment hubs of Bentonville, Rogers, and Fayetteville.
The area features proximity to the Cave Springs Cave and local parks, with easy access to the larger trail systems and shopping districts of the Fayetteville-Springdale-Rogers metro.
The rental market is characterized by high demand from professionals relocating for regional corporate roles, though high price-to-rent ratios make cash-flow challenging for investors.
The economy is anchored by the global headquarters of Walmart, Tyson Foods, and J.B. Hunt, creating a high-demand environment for professional housing.
The area is heavily reliant on personal vehicle transit, with I-49 serving as the primary artery for regional connectivity.
Significant residential development is underway, focusing on single-family subdivisions to meet the housing needs of the growing regional workforce.
Benton County Assessor manages property valuations, typically reassessing properties to align with market trends in the Northwest Arkansas corridor.
Parcels are subject to Benton County school district taxes and local municipal utility assessments.
Property insurance premiums are rising due to regional exposure to severe weather events, including wind and hail damage common in the Ozarks.
The state continues to see positive net domestic migration, particularly from higher-cost coastal states into the Northwest Arkansas region.
Arkansas is a non-judicial foreclosure state, allowing for relatively efficient processing of defaults under the statutory power of sale.
Sellers are required to provide a property disclosure statement, though the state maintains a 'caveat emptor' (buyer beware) tradition for many aspects of property condition.
Data retrieved from US Census Bureau ZCTA-level tables for 72718.
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 protected natural site and local landmark.
Extensive regional biking and walking trails accessible from the ZIP.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.