The story of this market
The typical home in ZIP 72916 sells for about $215,000, or $138 per square foot.
Prices are up +3.2% from a year ago, so sellers still have some momentum. Homes take about 42 days to sell. HUD's fair market rent for a two-bedroom is $1,150 a month.
ZIP 72916 — Fort Smith
The 72916 housing market remains stable with moderate price appreciation and consistent demand. Low inventory levels continue to support current pricing, though the pace of sales has normalized compared to previous years. Buyers are finding a balanced environment, while sellers benefit from steady interest in the area's established neighborhoods.
This ZIP code is well-suited for families and long-term residents seeking an established community with affordable housing options. It appeals to those who prioritize proximity to Fort Smith's employment hubs while maintaining a suburban residential environment.
Median prices moved up 3.2% year over year.
Homes spend a median of 42 days on market with 3.4 months of supply — a fast-moving 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 3.8% · poverty 11.5% — 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 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 4.1%/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 72916, Sebastian County AR
Crime rates in the 72916 area are generally consistent with the broader Fort Smith regional averages, with property crime being the primary concern. Local law enforcement maintains a standard patrol presence, and residents typically report moderate safety levels compared to urban centers of similar size.
Schools serving the 72916 area are part of the Fort Smith Public School District, which provides a range of educational options including several magnet and specialized programs. Performance ratings vary by individual campus, with many schools maintaining stable academic standing within the state's accountability framework.
The area is subject to standard regional risks including severe thunderstorms and occasional tornado activity common to the Arkansas River Valley. Flood risk is localized to specific low-lying areas near drainage basins, and property insurance premiums reflect standard regional hazard exposure.
Economic momentum is driven by the diverse industrial and manufacturing base of Fort Smith, including major employers in food processing and logistics. Infrastructure improvements in the surrounding area continue to support residential accessibility and commercial expansion.
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 of 72916 primarily rely on personal vehicles for commuting, with convenient access to major thoroughfares like I-540 and I-49 that connect to the Fort Smith employment core. Public transit options are limited, making the area most suitable for those with private transportation.
The area offers access to local neighborhood parks and is within a short drive of the Arkansas River for outdoor activities. Shopping and dining amenities are concentrated along major arterial roads, providing convenient access to daily necessities.
The rental market in 72916 is characterized by moderate demand and stable vacancy rates, with a mix of single-family homes and small apartment complexes. Rent growth has tracked with regional inflation, and the area remains attractive to long-term tenants.
The economy is anchored by manufacturing, healthcare, and logistics sectors in the Fort Smith metro area. Major employers include regional food processors and healthcare systems that provide a stable employment base.
The area is served by a network of state highways and is positioned near major interstate corridors. Public transportation is limited, with most residents relying on private vehicles for daily commutes.
Development in 72916 is primarily focused on residential infill and small-scale commercial improvements. There are no major large-scale master-planned communities currently under construction within the ZIP code boundaries.
The Sebastian County Assessor's office manages property valuations, with assessments conducted periodically to reflect market changes. The county maintains a transparent appeals process for property owners.
Parcels in this ZIP are subject to standard municipal and county tax levies, with no significant MUD or PID districts reported. School district taxes are the primary component of the local property tax bill.
Property insurance in this region is influenced by the risk of severe weather, including wind and hail. Market health is stable, though premiums have seen moderate increases in line with national trends.
Arkansas has experienced steady net domestic migration, with many new residents moving to the Fort Smith area for its affordability and quality of life.
Arkansas is a non-judicial foreclosure state, allowing for a streamlined process under the power of sale clause in deeds of trust. Statutory notice periods are required before a sale can occur.
Arkansas law requires sellers to provide a property disclosure statement, though the scope is generally limited compared to other states. Buyers are encouraged to conduct thorough inspections.
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 large regional park offering trails, disc golf, and sports facilities.
Provides regional air connectivity for the area.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.