Market Overview
Home Prices in McRae, AR
The median home value in McRae, AR is $194,235 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 6% compared to a year ago and up 1.6% from two years prior.
Compared to the U.S. national median of $410,000, homes in McRae are priced53% below average. McRae is part of the Searcy, AR metro area.
Over the past five years, McRae home values have risen by approximately30.1%, reflecting strong long-term appreciation in this market.
Price History
McRae Home Price Trend
2020
$127,578
$128K
—
2021
$149,322
$149K
+17.0%
2022
$161,938
$162K
+8.4%
2023
$176,061
$176K
+8.7%
2024
$180,335
$180K
+2.4%
2025
$183,201
$183K
+1.6%
2026
$194,235
$194K
+6.0%
City Comparison
McRae vs. National Median
🏠 McRae
$194,235
National Median
$410,000
At $194,235, homes in McRae cost 53% below the national median of $410,000. This makes McRae a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in McRae?
20% Down Payment
$38,847
on $194,235
Monthly P&I
$1,013/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,287/mo
incl. taxes & insurance
Income Needed
$51,480
gross annual (30% rule)
10% Down Option
$19,424
+ PMI applies
Loan Amount (20% dn)
$155,388
at current rates
Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.
FAQ
Frequently Asked Questions
What is the average home price in McRae, AR?
The median home value in McRae is $194,235 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 6% year-over-year.
How much have home prices changed in McRae?
Over the past year, home values in McRae have increased by 6%. Over five years, prices have risen approximately 30.1%.
How much do I need to earn to buy a home in McRae?
To comfortably afford the median home price of $194,235 with a 20% down payment ($38,847) at today's rates (6.8%), you'd need a gross annual income of approximately $51,480. This assumes keeping total housing costs at or below 30% of gross income.
How does McRae compare to the national average home price?
The national median home value is approximately $410,000. At $194,235, homes in McRae are 53% below the national average.
What metro area is McRae part of?
McRae is part of the Searcy, AR metropolitan area. Home prices and market conditions can vary across the broader metro region.