The story of this market
The typical home in ZIP 72742 sells for about $400,000, or $215 per square foot.
Prices are down 2.5% from a year ago, which gives buyers more room to negotiate. Homes take about 84 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $1,650 a month.
ZIP 72742
The housing market in 72742 remains stable with a median price of $400,000 and moderate inventory levels. While year-over-year prices have seen a slight correction, demand remains supported by the robust regional economy and university presence. Buyers are finding a more balanced market compared to previous years, though competition persists for well-priced properties.
This ZIP is well-suited for families and professionals seeking a balance between suburban living and access to the amenities of the Fayetteville metro area.
Median prices moved down 2.5% year over year.
Homes spend a median of 84 days on market with 4.2 months of supply — a balanced-paced 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 8.5% — 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 7.4%/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 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 72742, Washington County AR
Crime rates in the area are generally lower than the national average, with property crime being the most frequently reported incident type.
Schools serving the area are part of the Fayetteville Public School District, which maintains a strong reputation for academic performance and extracurricular offerings.
The area has minimal risk of severe winds and wildfire, though localized flood risks exist in low-lying areas near regional water bodies.
Economic momentum is driven by the proximity to the University of Arkansas and the broader Fayetteville-Springdale-Rogers metro area, which serves as a hub for retail and logistics.
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 rely on I-49 for access to major employment centers in Fayetteville and Springdale, with average commute times reflecting regional traffic patterns.
The area features access to regional parks, walking trails, and proximity to the Ozark Mountains, providing ample outdoor recreation opportunities.
The rental market is characterized by moderate demand driven by university students and young professionals, with stable vacancy rates.
The economy is anchored by the University of Arkansas, regional retail headquarters, and a growing healthcare sector.
Transportation is primarily highway-dependent, with I-49 serving as the main artery for regional connectivity.
Development is focused on infill projects and expanding residential capacity in the northern corridors of the city.
The Washington County Assessor manages property valuations, with assessments updated periodically to reflect market conditions.
Parcels are subject to school district taxes and local municipal utility assessments.
Property insurance premiums are stable, though coverage for wind and hail remains a standard consideration for homeowners.
The state continues to see positive net domestic migration, driven by affordability and economic growth in Northwest Arkansas.
Arkansas is a non-judicial foreclosure state, allowing for a streamlined process under the power of sale clause in deeds of trust.
Sellers are required to provide a property disclosure statement detailing known material defects at the time of sale.
Data retrieved from data.census.gov 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.
A popular community park featuring walking trails and open green space.
A major regional botanical garden featuring themed gardens and educational programs.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.