The story of this market
The typical home in ZIP 72727 sells for about $285,955, or $165 per square foot.
Prices are up +4.7% from a year ago, so sellers still have some momentum. Homes take about 58 days to sell. HUD's fair market rent for a two-bedroom is $1,450 a month.
ZIP 72727
The 72727 housing market is showing steady growth, driven by its appeal as a suburban residential hub for the Fayetteville metro area. Home values have seen a consistent year-over-year increase of 4.7%, supported by low inventory and sustained demand from families. Market conditions remain stable with a healthy sale-to-list ratio, reflecting a balanced environment for both buyers and sellers.
This ZIP is ideal for families and commuters who desire a quieter, semi-rural lifestyle while remaining within a short driving distance of the major employment and retail hubs of Fayetteville.
Median prices moved up 4.7% year over year.
Homes spend a median of 58 days on market with 3.2 months of supply — a fast-moving market.
12% 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 3.2% · poverty 5.3% — 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 6.3%/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 6.3%/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 72727, Washington County AR
Crime rates in Elkins are generally lower than the regional average for the Fayetteville-Springdale-Rogers metropolitan area, with property crime being the primary concern.
Schools serving the 72727 ZIP code are part of the Elkins School District, which is generally regarded as providing a stable, community-focused educational environment.
The area is subject to standard regional risks including severe thunderstorms and occasional tornado activity; flood risk is localized to specific low-lying areas near the White River.
Elkins is experiencing steady residential growth as a bedroom community for the Fayetteville employment core, with ongoing infrastructure improvements to support increased traffic.
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.
Commuters primarily utilize Arkansas Highway 16 for a direct drive into Fayetteville, typically taking 15-20 minutes depending on traffic conditions.
The area features access to the White River for fishing and boating, as well as local community parks and proximity to the extensive trail systems of the Ozark Mountains.
The rental market is characterized by low vacancy pressure and steady demand from families and commuters seeking more affordable options than the urban core.
The economy is largely driven by the broader Fayetteville-Springdale-Rogers metro area, with major employment sectors including retail, education, and logistics.
Transportation is primarily automobile-dependent, with Highway 16 serving as the main arterial corridor connecting the ZIP to the regional highway network.
Development planning is focused on managing suburban growth and expanding utility infrastructure to support new residential subdivisions.
The Washington County Assessor's office manages property valuations, with assessments typically updated to reflect market value trends.
Parcels are subject to Elkins School District levies and various county-wide special assessment districts for services.
Property insurance premiums are influenced by regional weather patterns, including wind and hail risk common to Northwest Arkansas.
Data retrieved from US Census Bureau 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.
Local community park with playground and picnic facilities.
Provides recreational opportunities for fishing and kayaking.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.