The story of this market
The typical home in ZIP 72729 sells for about $215,000, or $142 per square foot.
Prices are up +2.1% from a year ago, so sellers still have some momentum. Homes take about 68 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $950 a month.
ZIP 72729
The housing market in ZIP 72729 is characterized by low inventory and slow turnover, typical of a rural area. Prices have seen modest appreciation, but the market remains stable with little speculative activity. Most residents rely on the broader Fayetteville-Springdale-Rogers metro area for employment and services.
This ZIP is best suited for those seeking rural privacy, lower land costs, and a quiet lifestyle, provided they are comfortable with a longer commute to the Fayetteville metro area.
Median prices moved up 2.1% year over year.
Homes spend a median of 68 days on market with 6.0 months of supply — a balanced-paced market.
15% of listings have cut prices · homes sell at 97.5% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 3.8% · poverty 9.2% — 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 6.2%/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 5.7%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
ZCTA 72729, Washington County AR
Crime rates in the Evansville area are generally low, consistent with the rural character of southwestern Washington County.
Public education is primarily served by the Lincoln School District, which provides rural-focused instruction for the area.
The area is subject to standard regional risks including severe thunderstorms and occasional wind events; flood risk is localized to specific drainage basins.
Economic momentum is limited due to the rural nature of the ZIP, with most residents commuting to the Fayetteville-Springdale-Rogers metro core for employment.
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.
Commuting requires a drive of approximately 30-40 minutes to reach the major employment hubs in Fayetteville or Farmington via local highways.
Recreation is primarily outdoor-focused, featuring proximity to the Ozark National Forest and rural trails, with limited commercial shopping within the immediate ZIP.
The rental market is very thin with limited inventory, primarily consisting of single-family homes or mobile homes rather than multi-family complexes.
The local economy is largely agricultural and residential, with the majority of the workforce employed in the broader Fayetteville-Springdale-Rogers metro area.
Transportation is entirely dependent on private vehicles, with no public transit infrastructure serving this rural ZIP code.
There are no major commercial or residential developments currently planned or under construction within the ZIP code boundaries.
The Washington County Assessor maintains property valuations based on annual market analysis and state-mandated reappraisal cycles.
Parcels are subject to Washington County property taxes and the Lincoln School District tax levy.
Property insurance premiums are influenced by rural fire protection ratings and regional weather-related hazard exposure.
Arkansas is a non-judicial foreclosure state, allowing for relatively efficient processing of defaults under the power of sale clause.
Arkansas law requires sellers to provide a property disclosure form, though the scope is limited compared to other states.
Data retrieved from data.census.gov ZCTA 72729 profile.
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.
Provides extensive hiking, hunting, and outdoor recreation access.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.