The story of this market
The typical home in ZIP 72061 sells for about $207,000, or $142 per square foot.
Prices are up +2.1% from a year ago, so sellers still have some momentum. Homes take about 68 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $1,150 a month.
ZIP 72061 — Guy
The housing market in 72061 is stable, characterized by low inventory and modest price appreciation consistent with rural Arkansas trends. Market activity is driven by local demand and proximity to Conway, with limited new construction keeping supply tight. Figures for specific metrics like active listings and days on market are based on local MLS data for the Guy area.
This ZIP is best suited for families and individuals seeking a quiet, rural lifestyle who are willing to commute to larger employment centers like Conway.
Median prices moved up 2.1% year over year.
Homes spend a median of 68 days on market with 7.0 months of supply — a balanced-paced market.
7% of listings have cut prices · homes sell at 97.5% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 3.2% · poverty 9.1% — 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 4.9%/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
ZCTA 72061, Faulkner County AR
The area is served by the Guy-Perkins School District, which maintains a small-town educational environment.
The region is subject to standard Arkansas weather risks, including severe thunderstorms and occasional tornado activity.
Growth is primarily driven by rural residential development and proximity to the Conway employment hub.
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.
Commuters primarily drive to Conway or North Little Rock via AR-25 and US-65, with average commute times exceeding 30 minutes.
Local recreation is centered on outdoor activities, including proximity to Woolly Hollow State Park and Lake Bennett.
The rental market is limited, consisting primarily of single-family homes with low turnover and minimal investor-owned multi-family inventory.
The local economy is largely agricultural and residential, with most residents commuting to the nearby Conway/Little Rock metro area for employment.
Public transit is unavailable; the area is entirely dependent on private vehicle transportation via state highways.
Development is characterized by low-density residential expansion rather than large-scale commercial or infrastructure projects.
Faulkner County Assessor maintains property valuations based on annual market analysis and state-mandated reappraisal cycles.
Parcels are subject to Guy-Perkins School District taxes and standard county-level service districts.
Property insurance premiums are influenced by regional wildfire and storm risk profiles common to central Arkansas.
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.
Features Lake Bennett, camping, and hiking trails.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.