The story of this market
The typical home in ZIP 72223 sells for about $506,227, or $168 per square foot.
Prices are up +9.4% from a year ago, so sellers still have some momentum. Homes take about 52 days to sell. HUD's fair market rent for a two-bedroom is $1,850 a month.
ZIP 72223
The housing market in 72223 remains robust, characterized by high demand for luxury single-family homes and steady price appreciation. Low inventory levels and strong buyer interest continue to drive a competitive environment, with homes selling near asking price. The area's appeal is bolstered by its high-quality school districts and proximity to major employment hubs in Little Rock.
This ZIP is ideal for affluent families and professionals seeking suburban living with access to high-quality schools, upscale shopping, and proximity to outdoor recreation.
Median prices moved up 9.4% year over year.
Homes spend a median of 52 days on market with 3.2 months of supply — a fast-moving market.
15% 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 2.8% · poverty 3.5% — 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 4.6%/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 4.7%/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 72223, Pulaski County AR
The area generally reports lower crime rates compared to the broader Little Rock metropolitan average, with safety trends remaining stable in residential neighborhoods.
Schools serving this ZIP are highly regarded, with many institutions in the Pulaski County Special School District and Little Rock School District maintaining strong performance ratings.
The area is subject to standard regional risks including severe thunderstorms and occasional tornado activity, with flood risk concentrated in specific low-lying drainage zones.
Economic momentum is driven by proximity to the Chenal Valley commercial corridor and ongoing residential expansion in the western reaches of Little Rock.
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 rely on personal vehicles for commutes, with I-430 and Highway 10 serving as the primary arteries connecting the area to downtown Little Rock and employment hubs.
The area features extensive access to outdoor amenities including the Arkansas River Trail, Pinnacle Mountain State Park, and several local golf courses and shopping centers in the Chenal area.
The rental market is characterized by high demand for single-family homes, with limited vacancy pressure and a steady influx of professional tenants.
The local economy is anchored by healthcare, professional services, and retail, with significant employment influence from the nearby Little Rock medical district.
The area is served by a network of arterial roads with limited public transit options, necessitating vehicle ownership for most residents.
Development is focused on infill residential projects and the expansion of commercial services along the Highway 10 corridor.
The Pulaski County Assessor maintains property valuations based on periodic reappraisals to ensure market alignment.
Parcels are subject to various special districts including school, fire, and utility districts that provide essential services to the unincorporated and suburban areas.
Property insurance premiums are influenced by regional weather patterns, with competitive rates available through major national carriers.
Data retrieved from US Census Bureau 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 Rock4.38.5 mi
- Sky Zone Trampoline Park4.36.4 mi
- Big Rock Mini Golf & Fun Park48.2 mi
- Urban Air Trampoline and Adventure Park414.3 mi
- Chuck E. Cheese45.6 mi
- Topgolf Little Rock45.7 mi
- Simmons Bank Arena4.412.3 mi
- War Memorial Stadium4.38.6 mi
- Golden Corral Buffet & Grill4.214.9 mi
- Arkansas State Fair4.210.8 mi
- Little Rock Zoo4.38.7 mi
- Cinemark Colonel Glenn and XD4.56 mi
- Pinnacle Mountain State Park4.84.6 mi
- Burns Park4.69.8 mi
- Museum of Discovery4.712.3 mi
- William J. Clinton Library and Museum4.512.7 mi
- The Old Mill4.813.2 mi
- Arkansas Museum of Fine Arts4.712.4 mi
- Museum of Discovery4.712.3 mi
- Little Rock Central High School National Historic Site4.810.6 mi
- Pinnacle Mountain State Park4.84.6 mi
- Burns Park4.69.8 mi
- Two Rivers Park4.85.3 mi
- City of Bryant Bishop Park4.412.4 mi
- Carter Off-Road Park4.66.9 mi
- Topgolf Little Rock45.7 mi
- Burns Park Golf Course4.49.9 mi
- Rebsamen Park Golf Course3.89 mi
- The Greens at Longhills Apartments3.512.5 mi
- The Links at the Rock3.46.8 mi
- Outlets of Little Rock4.48.6 mi
- Park Plaza4.17.9 mi
- T.J. Maxx4.36 mi
- Ross Dress for Less46.1 mi
- Promenade At Chenal4.51.3 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
Major state park offering hiking trails and river access.
Private golf and social club serving the area.
Major retail and dining destination.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.