The story of this market
The typical home in ZIP 72766 sells for about $389,900, or $185 per square foot.
Prices are up +4.2% from a year ago, so sellers still have some momentum. Homes take about 84 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $1,450 a month.
ZIP 72766
The housing market in 72766 shows signs of stability with moderate price growth and consistent sales activity. While inventory remains somewhat constrained, the market is balanced by steady demand from local buyers. The figures reflect a healthy, albeit competitive, environment driven by the broader economic growth of the Northwest Arkansas region.
This ZIP is well-suited for families and first-time homebuyers seeking a balance between affordability and access to the broader Northwest Arkansas job market. It also attracts investors looking for stable rental demand near regional employment hubs.
Median prices moved up 4.2% year over year.
Homes spend a median of 84 days on market with 3.2 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 14.5% — 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 10.0%/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 8.5%/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 72766, Washington County AR
Crime rates in the area are generally consistent with regional averages for Northwest Arkansas, with property crime being the primary concern. Local law enforcement reports stable trends over the last year.
Schools serving the area are part of the Springdale School District, which is known for its diverse student body and ongoing efforts to improve academic performance and language support services.
The area is subject to standard regional risks including severe thunderstorms and occasional tornado activity, typical for the Ozark region. Flood risk is localized to specific low-lying areas near regional creeks.
The area benefits from the broader economic momentum of the Fayetteville-Springdale-Rogers metro, driven by proximity to major corporate headquarters and logistics hubs. Infrastructure improvements are ongoing to support the rapid population growth in the region.
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 typically rely on personal vehicles for commuting, with access to I-49 providing a primary corridor to major employment centers in Fayetteville and Rogers. Public transit options are limited, primarily serving local routes within the city.
The area features several community parks and is within a short drive of regional attractions like the Botanical Garden of the Ozarks and various hiking trails. Shopping and dining options are concentrated along major arterial roads.
The rental market is characterized by moderate vacancy pressure and consistent demand from students and young professionals. Rent growth has stabilized following a period of rapid increases in the broader metro area.
The economy is anchored by the retail, logistics, and food processing sectors, with significant influence from the nearby corporate headquarters of major national retailers. The region maintains a strong employment base with low unemployment rates.
The area is served by a network of state highways and is positioned along the I-49 corridor, which facilitates regional travel. Public transportation is limited, with most residents relying on private vehicles.
Development is focused on expanding residential capacity and improving connectivity between Springdale and neighboring cities. Several mixed-use projects are in the planning stages to increase density in the urban core.
The Washington County Assessor's office manages property valuations, with assessments typically updated to reflect market conditions annually.
Parcels are subject to school district taxes and various municipal service fees, with some areas potentially falling under specific utility or improvement districts.
Property insurance premiums are influenced by regional weather patterns, with a focus on coverage for wind and hail damage common in the area.
The state continues to experience positive net domestic migration, driven by job growth and a relatively low cost of living.
Arkansas operates primarily as a non-judicial foreclosure state, allowing for a streamlined process under specific conditions.
Sellers are required to provide a property disclosure statement detailing known material defects, though the state's requirements are generally considered moderate.
Data retrieved from data.census.gov using ZCTA 72766 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 various community parks and sports facilities.
Home to the Northwest Arkansas Naturals minor league baseball team.
A major community hub offering ice skating, swimming, and fitness facilities.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.