The story of this market
The typical home in ZIP 72732 sells for about $443,000, or $208 per square foot.
Prices are up +2.1% from a year ago, so sellers still have some momentum. Homes take about 70 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $1,080 a month.
ZIP 72732
The housing market in 72732 remains stable with a focus on rural residential properties and lake-adjacent homes. While inventory is relatively high, demand is supported by the broader economic growth of the Fayetteville-Springdale-Rogers metro area. Buyers should note that the market is less liquid than urban centers, and pricing reflects the premium for land and recreational access.
This ZIP is best suited for buyers seeking rural or semi-rural lifestyles, lake access, and larger lot sizes, rather than commuters or investors looking for high-density rental yields.
Median prices moved up 2.1% year over year.
Homes spend a median of 70 days on market with 26.6 months of supply — a slower-moving market.
12% 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 3.2% · poverty 9.8% — 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 8.4%/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 8.8%/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 72732, Benton County AR
Crime trends in Garfield are generally stable and remain lower than the more densely populated urban centers within the Fayetteville-Springdale-Rogers metro area.
Schools serving the area are part of the Benton County educational landscape, generally characterized by rural district standards with moderate performance ratings.
The area is subject to standard regional risks including severe thunderstorms and occasional wind events; flood risk is localized to specific low-lying areas near Beaver Lake.
Economic momentum is driven by the broader Northwest Arkansas growth corridor, though Garfield itself remains largely rural with limited large-scale commercial infrastructure.
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 from Garfield to the primary employment hubs of Rogers and Bentonville typically requires a 20-30 minute drive via highway corridors.
The area offers significant outdoor recreation access, primarily centered on Beaver Lake for boating and fishing, along with proximity to regional hiking trails.
The rental market is limited in depth, characterized by lower vacancy pressure but also lower liquidity compared to the urban core of the metro area.
The economy is heavily influenced by the corporate presence in Bentonville and Rogers, including retail and logistics sectors, while the local ZIP economy is largely residential and recreational.
Transportation is almost exclusively reliant on private vehicles; there is no public transit infrastructure serving this rural ZIP code.
Development is constrained by topography and rural zoning, with limited large-scale commercial or residential pipeline projects currently approved.
The Benton County Assessor manages property valuations, utilizing annual market-based adjustments to maintain equity across the county.
Parcels are served by local school districts and county-wide emergency service districts; no major MUDs or PIDs are prevalent.
Property insurance premiums are rising due to regional severe weather exposure, particularly wind and hail risks common in Northwest Arkansas.
Northwest Arkansas continues to see strong net domestic migration, though this ZIP code experiences more moderate growth compared to the urban centers.
Arkansas is a non-judicial foreclosure state, with a standard process that allows for relatively efficient resolution of defaulted mortgages.
Sellers are required to provide a property disclosure statement, though the state is generally considered 'caveat emptor' regarding property condition.
Data retrieved from data.census.gov ZCTA 72732 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.
Major regional reservoir providing boating, fishing, and recreation access.
Large state park offering extensive hiking and mountain biking trails.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.