The story of this market
The typical home in ZIP 72024 sells for about $282,500, or $152 per square foot.
Prices are roughly flat from a year ago (-0.88%), a market in balance. Homes take about 38 days to sell. HUD's fair market rent for a two-bedroom is $1,400 a month.
ZIP 72024
The housing market in 72024 is showing signs of stabilization with a balanced inventory and steady demand. While year-over-year prices have seen a slight decline, the area remains a popular choice for families due to its strong school district and relative affordability compared to the Little Rock metro core.
This area is ideal for families and commuters seeking a suburban lifestyle with high-quality schools and a more affordable cost of living compared to the immediate Little Rock urban core.
Median prices moved down 0.9% year over year.
Homes spend a median of 38 days on market with 7.0 months of supply — a balanced-paced market.
20% 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 3.2% · poverty 7.8% — 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 6.2%/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 5.5%/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 72024, Lonoke County AR
Crime rates in Cabot are generally lower than the national average and compare favorably to the broader Little Rock metropolitan area.
The Cabot School District is highly regarded regionally, consistently maintaining strong academic performance and extracurricular programs.
The area is subject to standard regional risks including severe thunderstorms and occasional tornado activity; flood risk is localized to specific drainage basins.
Cabot serves as a major residential hub for the Little Rock metro area with steady suburban expansion and ongoing commercial development along the Highway 67/167 corridor.
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 utilize Highway 67/167 for a direct drive into North Little Rock and Little Rock, with typical commute times ranging from 25 to 40 minutes depending on traffic.
The area features several community parks, the Cabot Sports Complex, and proximity to regional fishing and boating spots, alongside growing retail and dining options along Main Street.
The rental market is characterized by moderate demand from families and commuters, with a limited supply of multi-family units and a growing presence of single-family rental investors.
The local economy is driven by retail, education, and healthcare services, with many residents commuting to the larger Little Rock employment market.
Transportation is heavily reliant on private vehicles, with Highway 67/167 serving as the primary artery for regional transit.
Development is focused on expanding suburban residential subdivisions and supporting commercial retail growth along the city's main corridors.
The Lonoke County Assessor manages property valuations, with assessments typically updated on a cyclical basis to reflect market value.
Parcels are subject to school district taxes, county general taxes, and municipal taxes; some areas may fall under specific utility or fire protection districts.
Property insurance premiums are influenced by regional weather patterns, including wind and hail risk, which are 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.
A major regional hub for youth and adult sports leagues.
Features walking trails, playgrounds, and community event spaces.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.