Market Overview
Home Prices in Prairie Grove, AR
The median home value in Prairie Grove, AR is $323,321 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 4.1% compared to a year ago and up 2.3% from two years prior.
Compared to the U.S. national median of $410,000, homes in Prairie Grove are priced21% below average. Prairie Grove is part of the Fayetteville-Springdale-Rogers, AR metro area.
Over the past five years, Prairie Grove home values have risen by approximately39.9%, reflecting strong long-term appreciation in this market.
Price History
Prairie Grove Home Price Trend
City Comparison
Prairie Grove vs. National Median
At $323,321, homes in Prairie Grove cost 21% below the national median of $410,000. This makes Prairie Grove a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Prairie Grove?
20% Down Payment
$64,664
on $323,321
Monthly P&I
$1,686/mo
30-yr @ 6.8%
Total Monthly Est.
~$2,141/mo
incl. taxes & insurance
Income Needed
$85,640
gross annual (30% rule)
10% Down Option
$32,332
+ PMI applies
Loan Amount (20% dn)
$258,657
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 Prairie Grove, AR?
The median home value in Prairie Grove is $323,321 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 4.1% year-over-year.
How much have home prices changed in Prairie Grove?
Over the past year, home values in Prairie Grove have increased by 4.1%. Over five years, prices have risen approximately 39.9%.
How much do I need to earn to buy a home in Prairie Grove?
To comfortably afford the median home price of $323,321 with a 20% down payment ($64,664) at today's rates (6.8%), you'd need a gross annual income of approximately $85,640. This assumes keeping total housing costs at or below 30% of gross income.
How does Prairie Grove compare to the national average home price?
The national median home value is approximately $410,000. At $323,321, homes in Prairie Grove are 21% below the national average.
What metro area is Prairie Grove part of?
Prairie Grove is part of the Fayetteville-Springdale-Rogers, AR metropolitan area. Home prices and market conditions can vary across the broader metro region.