Morrilton, AR Real Estate
According to census data in the year 2000 there were 2,922 housing units in Morrilton.
This represents a 1.1% growth from 2,891 in 1990.
Of those housing units, 2,539 were located in either urbanized areas or urban clusters, and 383 were located in what is classified as a rural area.
Homeownership rate in Morrilton is about 62%.
Morrilton's vacancy rate, including seasonal lodging, is about 10.3%.
Average household size is 2.37 people.
The majority of houses, apartments or condos in Morrilton were built after 1967.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 1.10% |
| One Bedroom | 9.50% |
| Two Bedrooms | 33.20% |
| Three Bedrooms | 48% |
| Four Bedrooms | 6.80% |
| Five Bedrooms or more | 1.30% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.23 |
| Median year structure was built | 1966 |
| Median Value of occupied units | $58,900 |
| Median Price asked for vacant units | $39,200 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.59 |
| Median year structure was built | 1969 |
| Median Monthly Rent asked for vacant units | $324 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 3.80% |
| Home Equity Loan | 2.90% |
| Simple Mortgage | 49.60% |
| Debt Free | 43.70% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 16% |
