Prairie Grove, AR 72753 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Prairie Grove, AR—72753

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$311,000

3.2% YoY Growth

Household Income

$64,700

1.1% YoY Growth

Days on Market

1.0% Shorter YoY

Home Price Forecast

3.6%

Median Rent

$1,800

10.8% YoY Growth

1-Bed Rent

$1,900

176.9% YoY Growth

2-Bed Rent

$795

17.8% YoY Growth

3-Bed Rent

$1,740

8.3% YoY Growth

Home Price Trends — Prairie Grove, AR

As of Dec '25, the median home price in Prairie Grove, AR is $311,000, with a year-over-year change of 3.2%. This indicates that home prices in Prairie Grove, AR are increasing. According to Zillow, the 1-year price projection is 3.6%, suggesting an increase housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$311,000	3.2%
Single Family	$311,000	3.7%
Condos	N/A	N/A

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

Rental Trends — Prairie Grove, AR

As of July '25, Rentcast reports the average rent in Prairie Grove, AR is $1,750, with a year-over-year rent change of 10.8%. Per bedroom, the median rent as of July '25 in Prairie Grove, AR is 1-bedrooms: $1,800, 2-bedrooms: $945, 3-bedrooms: $1,700, 4-bedrooms: $2,150. The most common rental property sizes in Prairie Grove, AR are 3-bedroom and 2-bedroom, accounting for 32.8% and 27.0% of the rental stock.

Type	Median Rent	Average Rent
Average Rent	$1,800	$1,750
Studio Rent	N/A	N/A
1 Bed Rent	$1,900	$1,800
2 Bed Rent	$795	$945
3 Bed Rent	$1,740	$1,700
4 Bed Rent	$2,200	$2,150

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% of Rental Stock

Studio

5.8%

1 Bedroom

19.4%

2 Bedrooms

27.0%

3 Bedrooms

32.8%

4 Bedrooms

13.8%

5+ Bedrooms

1.3%

Property Listings — Prairie Grove, AR

As of Dec '25, Realtor.com reports that the median days on market for a home in Prairie Grove, AR is 64. This is a decrease of -19.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 29.0%, representing a large inventory and a lot of supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$344,000	-4.0%
Listing Count	96	5.0%
Listings as % of Homes	2.1%	5.0%
Days on Market	92	-1.0%

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Demographics — Prairie Grove, AR

As of the latest ACS Survey released in 2023, Prairie Grove, AR has a population of 10,400, which has increased by 11.3% over the past 5 years. Prairie Grove, AR is a popular place for families, as children make up 27.9% of the population. The area has a poorly educated workforce, with 20.3% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 7.6% reporting working from home.

Metric	Latest Census	YoY % Change
Population	10,400	11.3%
% Under 18	27.9%	-1.1%
% Seniors	13.6%	-5.6%
% WFH	7.6%	90.0%
% w/ College Degree	20.3%	-9.0%

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As of the latest ACS Survey released in 2023, Prairie Grove, AR is a predominantly white area, with 74.4% of the population identifying as white. The white population has shrunk by 21.4% in the last 5 years. The second most common race or ethnicity in Prairie Grove, AR is hispanic, making up 5.0% of the population. Foreign-born residents account for 1.8% of the population in Prairie Grove, AR, and this percentage has increased by 50.0% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.

Race and Ethnicity

Metric	Latest Census	5-Year % Change
% White	74.4%	-21.4%
% Black	0.4%	100.0%
% Hispanic	5.0%	138.1%
% Asian	0.4%	-33.3%
% Foreign Born	1.8%	50.0%

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Mortgage and Risk — Prairie Grove, AR

According to HUD data as of 2023, there were 418 mortgage originations in Prairie Grove, AR, of which 68.0% of loans were conventional mortgages. The average loan-to-value was 71.0%, with 33.0% above 90% LTV (very high). This implies large mortgage risk in Prairie Grove, AR. Investor activity is low, as 5.0% of loans were by investors. 11.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.

Mortgages

Metric	Zip Code Average
Total Loan Originations	418
% Conventional Loans	68.0%
% Government Loans	32.0%
% Investor Loans	5.0%
% Second Loans	1.0%
% Cash Out Refinance	11.0%

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Rentals and Section 8 — Prairie Grove, AR

As of 2024, the percent of homes in Prairie Grove, AR under the Section 8 program is 2.8%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. 2-bedroom units appear to be good home sizes to consider for Section 8 housing in Prairie Grove, AR, because HUD payments exceed market rent, while 1-bedroom and 3-bedroom and 4-bedroom units do not.

Section 8 Market Size

Total Units under HUD	23
Total Units Section 8	23
% Rentals under Section 8	2.8%
% Occupied Section 8	75.0%

Section 8 Opportunity

Home Size	HUD Premium	Market Rent	Max HUD Rent
1 Bedroom	-$1,060	$1,900	$840
2 Bedroom	$215	$795	$1,010
3 Bedroom	-$310	$1,740	$1,430
4 Bedroom	-$530	$2,200	$1,670

Prairie Grove, AR—72753

Key Metrics at a Glance

Home Price Trends — Prairie Grove, AR

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Prairie Grove, AR

% of Rental Stock

Property Listings — Prairie Grove, AR

Demographics — Prairie Grove, AR

Race and Ethnicity

Mortgage and Risk — Prairie Grove, AR

Mortgages

Rentals and Section 8 — Prairie Grove, AR

Section 8 Market Size

Section 8 Opportunity

Affordability — Prairie Grove, AR

Home Price to Income Ratio

Prairie Grove, AR — ZIP Code Boundary Map

Nearby ZIP Codes

Farmington, AR

Lincoln, AR

West Fork, AR

Morrow, AR

Morrow, AR

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	4.3
Median Home Price	$311,000
Median Household Income	$64,700

Prairie Grove, AR—72753

Key Metrics at a Glance

Home Price Trends — Prairie Grove, AR

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Prairie Grove, AR

% of Rental Stock

Property Listings — Prairie Grove, AR

Demographics — Prairie Grove, AR

Race and Ethnicity

Mortgage and Risk — Prairie Grove, AR

Mortgages

Rentals and Section 8 — Prairie Grove, AR

Section 8 Market Size

Section 8 Opportunity

Affordability — Prairie Grove, AR

Home Price to Income Ratio

Prairie Grove, AR — ZIP Code Boundary Map

Nearby ZIP Codes

Farmington, AR

Lincoln, AR

West Fork, AR

Morrow, AR

Morrow, AR

Frequently Asked Questions

What is the average home price in Prairie Grove, AR 72753?

How have home prices in Prairie Grove, AR 72753 changed over the past year?

What is the home price projection for Prairie Grove, AR 72753?

What are the demographics of Prairie Grove, AR 72753?

How long does it take homes to sell in Prairie Grove, AR 72753?

What is the average rent price in Prairie Grove, AR 72753?