How much is a home worth in ZIP code 72023?

The typical home in 72023 is worth $250,079, based on the Zillow Home Value Index.

Are home values rising in 72023?

Home values in 72023 are up 3.8% over the past year, and up 6.2% a year over five years.

What is the typical rent in 72023?

A typical home in 72023 rents for about $1,423 a month, a gross rental yield of 6.8%.

What is the property tax rate in 72023?

The effective property tax rate in 72023 is 0.6% — roughly $1,441 a year on a typical home.

ZIP code 72023 has a population of 37,452 and a median household income of $76,931.

HousingHandbookReference data

…

U.S. ZIP Code · AR72023

Lonoke County · Little Rock-North Little Rock-Conway, AR

Typical home value

$250,079^[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year: +3.8%
5-year / yr: +6.2%
10-year / yr: +4.7%

Relative price

vs U.S.: -12.0%
vs metro: +6.4%
vs state: +35.0%

Price history

Zillow Home Value Index — monthly, smoothed and seasonally adjusted.

The typical home in 72023 is worth $250,079 — 6.4% above the Little Rock-North Little Rock-Conway, AR median. Over the past year, values have risen 3.8%. Homes here rent for a typical $1,423 a month — a 6.8% gross rental yield. The effective property tax rate is 0.6%.

#Rent & investment

Typical asking rent, and the returns it implies at the current home value.

Monthly rent: $1,423^[2]
Gross yield: 6.8%^[2]
Cap rate: 4.1%^[2]

#Property tax

Effective rate — total real estate taxes paid relative to total home value.

Effective tax rate: 0.6%^[3]
Typical annual tax: $1,441^[3]

#Climate risk

FEMA National Risk Index ratings for Lonoke County. "Not Applicable" means the hazard does not threaten the county.

Overall risk: Relatively Low^[4]
Riverine flood: Relatively Low
Coastal flood: Not Applicable
Wildfire: Very Low
Drought: Relatively Low
Heat wave: Relatively Moderate
Hurricane: Very Low
Tornado: Relatively Moderate
Earthquake: Relatively Moderate
Winter weather: Relatively Moderate

#Who lives here

Population: 37,452^[3]
Median household income: $76,931^[3]

#Migration

Household moves in and out of Lonoke County over a year, from IRS tax-return data.

Net migration: +191^[5]
Moved in: 2,677
Moved out: 2,486

Schools

Open public schools in this ZIP, from the NCES Common Core of Data.

Public schools: 15
Elementary: 8
Middle: 4
High: 2

CABOT HIGH SCHOOL
High · Grades 10–12 · CABOT SCHOOL DISTRICT
2,165 students
CABOT JUNIOR HIGH NORTH
Middle · Grades 7–8 · CABOT SCHOOL DISTRICT
895 students
CABOT MIDDLE SCHOOL NORTH
Middle · Grades 5–6 · CABOT SCHOOL DISTRICT
865 students
CABOT FRESHMAN ACADEMY
Secondary · Grades 9 · CABOT SCHOOL DISTRICT
789 students
CABOT MIDDLE SCHOOL SOUTH
Middle · Grades 5–6 · CABOT SCHOOL DISTRICT
744 students

Run the numbers

Interactive calculators pre-filled with this ZIP's typical home value, rent, and property-tax rate. Edit any field to recompute.

Home value$Monthly rent$

Gross yield6.8%

Net yield (after ~40% expenses)4.1%

Annual rent$17,080

Gross and net yield are estimates based on the inputs and the selected expense ratio. Actual income and expenses will vary by property and market. Not investment advice.

Home price$Down payment%Interest rate%Loan termyears

Monthly payment$1,265

Loan principal$200,063

Down payment$50,016

Total interest paid$255,170

Estimated monthly payments include principal and interest only. Actual costs will include property tax, insurance, possibly PMI, and HOA fees not modeled here. Loan terms shown are estimates; consult a licensed lender for current rates and qualification.

Home price$Monthly rent$Down payment%Mortgage rate%Property tax rate% / yrMaintenance% / yrRule of thumb: 1% of home value per year.

Own : rent ratio1.12

Monthly cost to own$1,594

Monthly rent$1,423

Renting is meaningfully cheaper month-to-month.

This calculator projects multi-year scenarios based on assumptions about appreciation, rent growth, and investment returns — none of which are guaranteed. Actual outcomes depend on variables this tool cannot know. Not financial or real estate advice.

#Metro ranking

Where this ZIP sits among others in its metro area.

Appreciation: 94th percentile^[1]
Rental yield: 48th percentile^[2]
Property tax: 49th percentile^[3]

Frequently asked

How much is a home worth in ZIP code 72023?: The typical home in 72023 is worth $250,079, based on the Zillow Home Value Index.
Are home values rising in 72023?: Home values in 72023 are up 3.8% over the past year, and up 6.2% a year over five years.
What is the typical rent in 72023?: A typical home in 72023 rents for about $1,423 a month, a gross rental yield of 6.8%.
What is the property tax rate in 72023?: The effective property tax rate in 72023 is 0.6% — roughly $1,441 a year on a typical home.
Who lives in 72023?: ZIP code 72023 has a population of 37,452 and a median household income of $76,931.

#Comparable ZIPs

Same metro, nearest typical home value. Each card shows the comparable ZIP's headline numbers so you can scan at a glance.

72007 vs 72023 →
Austin, AR
Typical home
$250,664
Gross yield
5.4%
72116 vs 72023 →
North Little Rock, AR
Typical home
$248,492
Gross yield
5.3%
72002
Bryant, AR
Typical home
$248,378
Gross yield
—
72022
Bryant, AR
Typical home
$252,765
Gross yield
6.9%
72011
Bauxite, AR
Typical home
$242,937
Gross yield
—
72173
Vilonia, AR
Typical home
$258,086
Gross yield
—

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#Jump to section

U.S. ZIP Code · AR72023

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