The story of this market
The typical home in ZIP 72753 sells for about $353,000, or $178 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 $1,700 a month.
ZIP 72753
The 72753 housing market shows a solid demand profile with steady price appreciation and low inventory levels. Growth is driven by the broader Northwest Arkansas economic expansion, making it an attractive area for families and long-term residents.
This ZIP is well-suited for families and professionals seeking a suburban lifestyle with a small-town feel while remaining within commuting distance of the major Northwest Arkansas employment hubs.
Median prices moved up 4.2% year over year.
Homes spend a median of 48 days on market with 3.5 months of supply — a fast-moving market.
18% 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 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 10.4%/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 8.9%/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 72753, Washington County AR
Crime rates in Prairie Grove are generally lower than the national average, with property crime being the most frequently reported incident type.
The area is served by the Prairie Grove School District, which is generally regarded as providing a stable and supportive educational environment for local families.
The region faces moderate risks from severe thunderstorms and occasional tornado activity, typical of Northwest Arkansas, with standard insurance coverage recommended.
The area is experiencing steady growth driven by the expansion of the broader Fayetteville-Springdale-Rogers metro economy and its proximity to major regional employers.
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.
Residents primarily commute by car toward Fayetteville or Springdale, with typical drive times ranging from 20 to 30 minutes depending on traffic along US-62.
The area features local parks such as the Prairie Grove Battlefield State Park and offers proximity to regional trails and outdoor recreation in the Ozark Mountains.
The rental market is characterized by steady demand from families and commuters, with limited vacancy pressure and a growing interest from long-term investors.
The local economy is anchored by the broader Northwest Arkansas regional market, which is heavily influenced by the retail, logistics, and corporate sectors including major employers in nearby cities.
Development is focused on residential expansion to accommodate the growing population, with several new subdivisions in the planning or construction phase.
Parcels are subject to Washington County property taxes and the Prairie Grove School District levies.
Property insurance premiums are influenced by regional weather patterns, with standard coverage available through major national and regional carriers.
Data retrieved from US Census Bureau ZCTA 72753 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.
A major historical landmark and recreational space featuring walking trails and preserved Civil War sites.
A community facility serving local residents during the summer months.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.