Prairie Grove, AR—72753
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Prairie Grove, AR
As of Oct '25, the median home price in Prairie Grove, AR is $310,000, with a year-over-year change of 2.9%. This indicates that home prices in Prairie Grove, AR are increasing. According to Zillow, the 1-year price projection is 3.2%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $310,000 | 3.0% |
| Single Family | $310,000 | 3.3% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $211,000 | 3.4% |
3 Bed | $296,000 | 3.1% |
4 Bed | $356,000 | 2.3% |
| 5 Bed | N/A | N/A |
% of Housing Stock
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 |
% of Rental Stock
Property Listings — Prairie Grove, AR
As of Oct '25, Realtor.com reports that the median days on market for a home in Prairie Grove, AR is 45. This is a decrease of -11.0% 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 36.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $347,000 | -3.0% |
Listing Count | 122 | 22.0% |
| Listings as % of Homes | 2.1% | 22.0% |
Days on Market | 45 | -11.0% |
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% |
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% |
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% |
Loan Activity
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 |
Affordability — Prairie Grove, AR
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.3 |
| Median Home Price | $310,000 |
| Median Household Income | $64,700 |