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Prairie Grove

Learn about the people, housing, costs and businesses in Prairie Grove, Arkansas

Median Home$259,810
Median Rent$1,325/month
Population7,282
Leading IndustriesEducation · Arts, Food & Hospitality4% education
Home Value Growth+8.5% over 2 years
Family-Friendly28% of residentswell above average
Homeowners74% of occupied units
NotableVeteran Community10% of residents · top 14% nationally
Prairie Grove
AR

Frequently Asked Questions

What are today's mortgage rates in Prairie Grove?

As of today, the 30-year fixed mortgage rate for Prairie Grove is approximately 6.960% (6.998% 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 Prairie Grove?

The median home value in Prairie Grove is $260k. The median monthly rent is $1,325. Annual property taxes average $1k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Prairie Grove?

Home values in Prairie Grove have increased 8.5% over the past two years. This represents moderate growth. 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 Prairie Grove?

Based on a typical all-in ownership cost of $1,193/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $51k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Prairie Grove is $75k/year.

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What industries drive the economy in Prairie Grove?

The largest employment sectors in Prairie Grove are public administration (24%) and retail (11%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.