Prairie Grove, AR Real Estate
According to census data in the year 2000 there were 1,059 housing units in Prairie Grove.
This represents a 37% growth from 773 in 1990.
Of those housing units, 1,053 were located in either urbanized areas or urban clusters, and 6 were located in what is classified as a rural area.
Homeownership rate in Prairie Grove is about 72.6%.
Prairie Grove's vacancy rate, including seasonal lodging, is about 7.5%.
Average household size is 2.51 people.
The majority of houses, apartments or condos in Prairie Grove were built after 1972.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 1% |
| One Bedroom | 9.20% |
| Two Bedrooms | 27.80% |
| Three Bedrooms | 50.90% |
| Four Bedrooms | 9.10% |
| Five Bedrooms or more | 2.10% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.6 |
| Median year structure was built | 1970 |
| Median Value of occupied units | $81,700 |
| Median Price asked for vacant units | $85,000 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.26 |
| Median year structure was built | 1979 |
| Median Monthly Rent asked for vacant units | $404 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 4.60% |
| Home Equity Loan | 2.20% |
| Simple Mortgage | 54.40% |
| Debt Free | 38.80% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 18% |
