The story of this market
The typical home in ZIP 72206 sells for about $135,000, or $115 per square foot.
Prices are down 2.4% from a year ago, which gives buyers more room to negotiate. Homes take about 62 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $1,350 a month.
ZIP 72206
The 72206 housing market is characterized by low price points and a high volume of older, single-family inventory. Market activity remains steady but constrained by broader economic factors and localized challenges, resulting in a slight year-over-year decline in median prices.
This ZIP is primarily suited for budget-conscious buyers and investors looking for entry-level housing or rental opportunities near the urban core, rather than those seeking new construction or premium amenities.
Median prices moved down 2.4% year over year.
Homes spend a median of 62 days on market with 5.1 months of supply — a balanced-paced market.
18% of listings have cut prices · homes sell at 96.5% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 8.2% · poverty 26.4% — a mixed stability 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 5.3%/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 5.0%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
net outflow — more people moved out than in
ZCTA 72206, Pulaski County AR
Crime rates in 72206 remain significantly higher than the Little Rock city average and regional benchmarks, with property and violent crime being primary concerns for residents.
Public schools serving this ZIP are generally rated below average, with many institutions facing significant challenges in academic performance and resource allocation.
The area is subject to standard regional risks including severe thunderstorms and potential flash flooding in low-lying zones near the Arkansas River.
Economic momentum is largely driven by proximity to downtown Little Rock and industrial corridors, though new residential development within the ZIP remains limited.
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 have direct access to I-30 and I-440, providing a relatively short commute to downtown Little Rock and the Port of Little Rock employment hubs.
The area features access to several community parks and proximity to the Arkansas River Trail system, though large-scale commercial shopping centers are primarily located outside the immediate ZIP boundaries.
The rental market is characterized by a high share of single-family home rentals with steady demand, though vacancy rates fluctuate due to the aging housing stock.
The economy is anchored by industrial and logistics operations near the Port of Little Rock, alongside service-sector employment in the broader Little Rock metro area.
The area is served by major highway corridors including I-30 and I-440, facilitating regional transit, though public transit options are limited compared to the city center.
Development is focused on industrial expansion near the river and selective infill housing projects, with limited large-scale residential master-planning.
Parcels are subject to Little Rock School District taxes and various municipal utility and drainage district assessments.
Property insurance premiums are rising due to regional exposure to severe weather events, including wind and hail damage common in Central Arkansas.
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.
- Dave & Buster's Little Rock4.39.4 mi
- Sky Zone Trampoline Park4.39.8 mi
- Big Rock Mini Golf & Fun Park49.4 mi
- Chuck E. Cheese410.5 mi
- Urban Air Trampoline and Adventure Park419.4 mi
- Topgolf Little Rock410.5 mi
- Simmons Bank Arena4.47.8 mi
- War Memorial Stadium4.38.9 mi
- Golden Corral Buffet & Grill4.210.8 mi
- Statehouse Convention Center4.67.4 mi
- Little Rock Zoo4.38.7 mi
- Cinemark Colonel Glenn and XD4.510.3 mi
- The Old Mill4.810.3 mi
- Museum of Discovery4.77.3 mi
- Burns Park4.611.3 mi
- William J. Clinton Library and Museum4.57.2 mi
- The Old Mill4.810.3 mi
- Arkansas Museum of Fine Arts4.76.7 mi
- Museum of Discovery4.77.3 mi
- Little Rock Central High School National Historic Site4.87.3 mi
- Burns Park4.611.3 mi
- Allsopp Park4.69.2 mi
- Julius Breckling Riverfront Park4.67.4 mi
- Murray Park4.511.1 mi
- Burns Park Soccer Complex4.711.6 mi
- Topgolf Little Rock410.5 mi
- Burns Park Golf Course4.410.9 mi
- Rebsamen Park Golf Course3.810.6 mi
- The Greens at North Hills4.312.4 mi
- Golf World4.67.2 mi
- Outlets of Little Rock4.49.5 mi
- McCain Mall4.210.4 mi
- Park Plaza4.19.5 mi
- T.J. Maxx4.311 mi
- Ross Dress for Less410.6 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
A significant natural area providing hiking and wildlife viewing opportunities.
Features disc golf courses and large green spaces serving the local community.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.