The story of this market
The typical home in ZIP 72007 sells for about $220,000, or $156 per square foot.
Prices are roughly flat from a year ago (-0.3%), a market in balance. Homes take about 51 days to sell. HUD's fair market rent for a two-bedroom is $468 a month.
ZIP 72007
The housing market in ZIP 72007 is currently balanced, characterized by steady demand from families and a median home value of $220,000. While the broader Little Rock metro area shows slight price fluctuations, this ZIP remains a growth-oriented suburban pocket. Several data points, such as specific closed sales counts and tax history, are not currently published at the ZIP level.
This ZIP is well-suited for families and commuters seeking affordable, suburban living with easy access to the Little Rock metro area.
Median prices moved down 0.3% year over year.
Homes spend a median of 51 days on market with 0.0 months of supply — a fast-moving market.
20% of listings have cut prices · homes sell at 0% of asking — demand is cooling.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 4.2% · poverty 7.5% — a stable, low-distress profile.
versus the prior ACS vintage
ZCTA 72007, Lonoke County AR
The area is subject to typical Central Arkansas climate risks, including severe thunderstorms and occasional tornado activity.
Austin is experiencing significant population growth, with estimates showing a 16% increase between 2020 and 2025, driven by its proximity to the Little Rock metro area.
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 commute via US-67/167 toward the Little Rock-North Little Rock employment core, with average commute times around 33 minutes.
The area offers access to local community parks and is within driving distance of regional outdoor amenities in Central Arkansas, including fishing and boating on nearby lakes.
The rental market is characterized by a high share of single-family homes; vacancy pressure remains low due to the area's rapid population growth.
The local economy is largely residential, with residents primarily employed in the broader Little Rock-North Little Rock-Conway metropolitan area.
Transportation is heavily reliant on private vehicles, with US-67/167 serving as the primary corridor for regional access.
Residential development is ongoing to accommodate the rapid population growth observed in the 2020s.
Parcels are subject to Lonoke County property tax assessments and local school district levies.
Property insurance premiums in Central Arkansas are influenced by regional exposure to wind and hail damage.
Data retrieved from Census ZCTA 72007 profiles.
Local community park serving the city of Austin.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.