Prairie County, Arkansas Housing Market Prices
Prairie County Home Prices and Rent at a Glance
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
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Median home price 316% above the Arkansas median Among the 3 most expensive counties in Arkansas$465,999
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Median rent 34% below the Arkansas median Cheaper than 89% of counties in Arkansas$624
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Prairie County | Arkansas Avg | US Average |
|---|---|---|---|
| Median Home Price | $465,999 | $111,957 | $248,835 |
| Price Trend (Annual %) | 185.3% | 3.4% | 7.5% |
| Median Gross Rent | $624 | $947 | $1,407 |
| Rent Trend (Annual %) | 2.8% | 4.1% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Prairie County is about 316% higher than in Arkansas. Rent is about 34% lower than the Arkansas average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2024
Median Rent Prices, 2015-2024
Both home prices and rent are rising in Prairie County, up about 185.3% and 2.8% a year respectively. Home prices are changing faster.
Median rent in Prairie County rose about 32.6% between 2015 and 2024, from $471 to $624. Over the same span, rent in Arkansas rose about 40.1%.
Affordability
On average, housing unit costs 8.8 yearly household incomes in Prairie County.
Buying the median-priced home in Prairie County costs roughly 62.2 years of rent at the median monthly rate. That is a relatively high price-to-rent ratio, which tends to favor renting over buying in Prairie County. The price-to-rent ratio in Arkansas is about 9.9.
| Metric | Prairie County | Arkansas Avg | US Average |
|---|---|---|---|
| Median Home Price | $465,999 | $111,957 | $248,835 |
| Median Household Income | $52,769 | $60,940 | $80,455 |
| Price-to-Income Ratio | 8.8 | 1.8 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Prairie County rose about 1026.3%, while median household income rose about 53.1% between 2009 and 2025 — the home price grew faster than income.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Prairie County | Arkansas Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 60.4% | 57.4% | 58.5% |
| Rental Rate | 19.3% | 29.0% | 31.2% |
| Vacancy Rate | 20.3% | 13.5% | 10.2% |
| Median Tenure (years) | 17.0 | 14.0 | 15.0 |
| Median Year Moved In | 2009 | 2012 | 2011 |
Prairie County has a homeownership rate of 60.4%, higher than the Arkansas average of 57.4%. Its housing vacancy rate is 20.3%, compared with 13.5% in Arkansas.
Housing Stock
| Metric | Prairie County | Arkansas Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.43 people | 2.46 people | 2.53 people |
| Median Structure Built Year | 1981 | 1987 | 1978 |
| Median Number of Rooms | 5.7 | 5.5 | 5.5 |
The typical housing unit in Prairie County was built around 1981. On average, 2.4 people live in a home with about 5.7 rooms, staying for about 17.0 years on average.
Prairie County, AR Housing Compared With Nearby Counties
How Prairie County, AR compares with the 2 counties closest to it.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Prairie County, AR | 8,064 | $465,999 #1/3 | $624 #3/3 | 75.8% #1/3 |
| Lonoke County, AR | 75,267 | $195,587 | $1,025 | 75.0% |
| White County, AR | 77,839 | $82,210 | $849 | 69.1% |
Frequently Asked Questions
Common questions about the housing market in Prairie County, Arkansas.
What is the median home price in Prairie County, Arkansas?
The median home price in Prairie County, Arkansas is $465,999, higher than the Arkansas average of $111,957.
What is the average home price in Prairie County, Arkansas?
The typical home price in Prairie County, Arkansas, reported as the median sale price, is $465,999. The median is used instead of a mathematical average because it is not skewed by a small number of very expensive or very cheap homes, so it better reflects what a typical buyer pays.
What is the median rent in Prairie County, Arkansas?
The median gross rent in Prairie County, Arkansas is $624 per month, lower than the Arkansas average of $947.
What was the median gross rent in Prairie County in 2020?
In 2020, the median gross rent in Prairie County, Arkansas was $645 per month.
What is the price-to-rent ratio in Prairie County, Arkansas?
The price-to-rent ratio in Prairie County, Arkansas is about 62.2, meaning it would take roughly 62.2 years of rent payments at the median rent to equal the median home price. That is a relatively high price-to-rent ratio, which tends to favor renting over buying in Prairie County.
Are home prices or rent rising faster in Prairie County, Arkansas?
Both home prices and rent are rising in Prairie County, up about 185.3% and 2.8% a year respectively. Home prices are changing faster.
What is the homeownership rate in Prairie County, Arkansas?
60.4% of households in Prairie County, Arkansas own their home, higher than the Arkansas average of 57.4%.
What is the vacancy rate in Prairie County, Arkansas?
The housing vacancy rate in Prairie County, Arkansas is 20.3%, higher than the Arkansas average of 13.5%.
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