Market Overview
Home Prices in Morrilton, AR
The median home value in Morrilton, AR is $172,921 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 7.9% compared to a year ago and down 4.1% from two years prior.
Compared to the U.S. national median of $410,000, homes in Morrilton are priced58% below average.
Over the past five years, Morrilton home values have risen by approximately26.6%, reflecting strong long-term appreciation in this market.
Price History
Morrilton Home Price Trend
2020
$122,074
$122K
—
2021
$136,540
$137K
+11.9%
2022
$151,857
$152K
+11.2%
2023
$160,558
$161K
+5.7%
2024
$167,175
$167K
+4.1%
2025
$160,306
$160K
-4.1%
2026
$172,921
$173K
+7.9%
City Comparison
Morrilton vs. National Median
🏠 Morrilton
$172,921
National Median
$410,000
At $172,921, homes in Morrilton cost 58% below the national median of $410,000. This makes Morrilton a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Morrilton?
20% Down Payment
$34,584
on $172,921
Monthly P&I
$902/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,146/mo
incl. taxes & insurance
Income Needed
$45,840
gross annual (30% rule)
10% Down Option
$17,292
+ PMI applies
Loan Amount (20% dn)
$138,337
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 Morrilton, AR?
The median home value in Morrilton is $172,921 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 7.9% year-over-year.
How much have home prices changed in Morrilton?
Over the past year, home values in Morrilton have increased by 7.9%. Over five years, prices have risen approximately 26.6%.
How much do I need to earn to buy a home in Morrilton?
To comfortably afford the median home price of $172,921 with a 20% down payment ($34,584) at today's rates (6.8%), you'd need a gross annual income of approximately $45,840. This assumes keeping total housing costs at or below 30% of gross income.
How does Morrilton compare to the national average home price?
The national median home value is approximately $410,000. At $172,921, homes in Morrilton are 58% below the national average.