ZIP Code Market Report
72223 — Little Rock, AR
Data through February 2026 · Updated monthly
Avg Home Value
$469,963
▲ 2.8% year-over-year
Month-over-Month
-0.2%
▼ 0.2%
Single Family
$471,714
Condo / Co-op
--
The average home value in the 72223 ZIP code (Little Rock, Arkansas) is $469,963 as of February 2026. Home prices are rising, up 2.8% compared to last year.
A 3-bedroom home in 72223 is valued at $391,356.
The market in 72223 has a $427,154 spread between bottom-tier homes at $332,534 and top-tier homes at $759,688. Bottom-tier properties represent the primary opportunity range for real estate investors using the 70% rule, fix-and-flip, or BRRRR strategies.
Looking ahead, Zillow's forecast model projects home values in the 72223 ZIP code will increase 0.3% over the next 12 months, bringing the projected average to approximately $471,373. This modest projected change should be factored into any investment analysis for properties in this area.
This report is part of the Faulkner County market area in Arkansas. For a broader view of the housing market including rent data, market activity, and affordability analysis, see the full Faulkner County report.
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Market Snapshot
72223 Housing Market at a Glance
Key metrics for the last 3 months with trend direction.
| Metric | Dec 2025 | Jan 2026 | Feb 2026 | 3-Mo Change |
|---|---|---|---|---|
| Avg Home Value | $471,227 | $471,132 | $469,963 | ▼ 0.3% |
| Single Family Value | $468,824 | $470,465 | $471,714 | ▲ 0.6% |
Home Values
72223 Home Value Trend
Historical home values for ZIP code 72223. Switch between All Homes, Single Family, Bottom Tier, and Top Tier.
Source: Zillow Research ZHVI / ZORI · Updated monthly
By Bedroom
What Homes Cost in 72223
Median home values by bedroom count in this ZIP code.
| Bedrooms | Median Value |
|---|---|
| 2 Bedrooms | $305,520 |
| 3 Bedrooms | $391,356 |
| 4 Bedrooms | $540,638 |
Property Types
Home Values by Property Type in 72223
How different property types compare in this ZIP code.
All Homes
$469,963
Single Family
$471,714
Bottom Tier
$332,534
Top Tier
$759,688
Forecast
12-Month Home Value Forecast for 72223
Zillow projects home values in 72223 will increase 0.3% over the next year, reaching approximately $471,373.
Current Value
$469,963
Projected Change
+0.3%
▲ 0.3%
Projected Value
$471,373
Source: Zillow Home Value Forecast (ZHVF). Forecasts are not guarantees.
Data Sources and Methodology
Home value data for ZIP code 72223 comes from the Zillow Home Value Index (ZHVI), updated monthly. ZHVI measures the typical home value using Zillow's automated valuation model, smoothed and seasonally adjusted.
This report was last updated February 2026. Data is refreshed on the 17th of each month.
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