The story of this market
The typical home in ZIP 72736 sells for about $339,000, or $195 per square foot.
Prices are up +4.2% from a year ago, so sellers still have some momentum. Homes take about 48 days to sell. HUD's fair market rent for a two-bedroom is $1,450 a month.
ZIP 72736
The housing market in 72736 remains stable with steady price appreciation and moderate inventory levels. Demand is supported by the broader economic growth of Northwest Arkansas, though rising interest rates have tempered the pace of sales compared to previous years. Buyers are finding a more balanced market, while sellers continue to see value growth.
This ZIP is well-suited for families and professionals seeking a suburban or semi-rural lifestyle with more space than the urban core, while remaining within commuting distance of major Northwest Arkansas employers.
Median prices moved up 4.2% year over year.
Homes spend a median of 48 days on market with 4.6 months of supply — a fast-moving market.
18% of listings have cut prices · homes sell at 97.2% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 3.2% · poverty 9.4% — 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 9.1%/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 6.8%/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 72736, Benton County AR
Crime rates in the Gravette area are generally lower than the national average, with property crime being the most frequently reported incident type.
Schools serving the 72736 area are primarily part of the Gravette School District, which maintains a stable reputation for academic performance within the Northwest Arkansas region.
The area is subject to standard regional risks including severe thunderstorms and occasional tornado activity, typical for Northwest Arkansas.
The ZIP code is experiencing steady growth driven by the broader expansion of the Fayetteville-Springdale-Rogers metro area and proximity to major corporate headquarters in Bentonville.
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 typically drive to employment hubs in Bentonville and Rogers via Highway 59 and Highway 102, with commute times generally ranging from 25 to 40 minutes.
The area features access to local parks, proximity to the Ozark mountains for outdoor activities, and is within a short drive of larger shopping and dining districts in neighboring cities.
The rental market is characterized by moderate demand from families and workers relocating to the region, with limited multi-family inventory and a growing presence of single-family rentals.
The economy is heavily influenced by the proximity to major corporate headquarters in Bentonville and the broader Northwest Arkansas logistics and retail sector.
Transportation is primarily automobile-dependent, with Highway 59 and Highway 102 serving as the main arterial corridors for the region.
Development is focused on residential subdivisions and supporting commercial infrastructure along the Highway 102 corridor.
Benton County Assessor manages property valuations based on annual market assessments.
Parcels are subject to Gravette School District taxes and various county-level service districts.
Property insurance premiums are influenced by regional weather risks, including wind and hail exposure common in the Ozarks.
Northwest Arkansas continues to see strong net domestic migration driven by corporate relocations and job growth.
Arkansas is a non-judicial foreclosure state, allowing for relatively efficient processing of defaults.
Sellers are required to provide a property disclosure form detailing known material defects.
Data retrieved from US Census Bureau ZCTA 72736 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.
Community park serving the Gravette area.
Local resource for community events and services.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.