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Morrilton

Learn about the people, housing, costs and businesses in Morrilton, Arkansas

Median Home$167,048
Median Rent$744/month
Population6,817
Leading IndustriesHealthcare · Arts, Food & Hospitality · Construction13% healthcare
Home Value Growth⬆⬆⬆+21.8% over 2 years
Family-Friendly24% of residentsslightly above average
Homeowners61% of occupied units
NotableAmenity Score69/100 · highly walkable area
NotableAffordable Market$167k median home · lower cost than 66% of the country
Morrilton
AR

Frequently Asked Questions

What are today's mortgage rates in Morrilton?

As of today, the 30-year fixed mortgage rate for Morrilton is approximately 7.092% (7.138% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

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What is the median home price in Morrilton?

The median home value in Morrilton is $167k. The median monthly rent is $744. Annual property taxes average $981. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Morrilton?

Home values in Morrilton have increased 21.8% over the past two years. This indicates a strong appreciation trend. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Morrilton?

Based on a typical all-in ownership cost of $703/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $30k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Morrilton is $49k/year.

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What industries drive the economy in Morrilton?

The largest employment sectors in Morrilton are public administration (23%) and retail (13%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.