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Affordable
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These days, finding an affordable place to live in the Morrilton area can be challenging. Home prices in Morrilton are now at a median cost of $165,642, lower than the Arkansas average of $207,061.
The average cost of rent is $777/mo in Morrilton, primarily driven by the current value of real estate in the Morrilton area. In Morrilton, 35.74% of households rent, and 50.77% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Morrilton is $4,037 per month. Households that rent pay about 19.25% of their income on rent here. Morrilton’s most expensive areas are in the northeastern regions, while the cheapest areas are in the southwestern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Lewisburg, AR: less expensive homes
- Hickory Hill, AR: equally priced homes
- Oppelo, AR: less expensive homes
- Overcup, AR: equally priced homes
- Riverview, AR: less expensive homes
- Plumerville, AR: less expensive homes
- Kenwood, AR: less expensive homes
- Perry, AR: less expensive homes
- Happy Bend, AR: equally priced homes
- Solgohachia, AR: equally priced homes
Cities with Similar Populations
- Jasper, TX: less expensive homes
- Hooper, UT: higher priced homes
- Houghton, MI: higher priced homes
- House Springs, MO: higher priced homes
- Hudson, NC: higher priced homes
- Hughson, CA: higher priced homes
- Hull, MA: higher priced homes
- Huntingburg, IN: higher priced homes
- Huntington, VA: higher priced homes
- Jamestown, TN: equally priced homes
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