PRAIRIE GROVE HOUSING MARKET INFORMATION With a population of 8,186, 2,758 total housing units (homes and apartments), and a median house value of $286,072, Prairie Grove real estate is some of the most expensive in Arkansas, although Prairie Grove home values aren't among America's most expensive. Single-family detached homes are the single most common housing type in Prairie Grove, accounting for 79.31% of the city's housing units. Other types of housing that are prevalent in Prairie Grove include duplexes, homes converted to apartments or other small apartment buildings ( 10.48%), large apartment complexes or high rise apartments ( 6.35%), and a few mobile homes or trailers ( 2.45%). The most prevalent building size and type in Prairie Grove are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 64.35% owning and 35.65% renting. Prairie Grove homes and real estate are some of the newest in America. 48.14% of Prairie Grove's housing was built since 2000, making the city have a very new look and feel. If you like the amenities of newer homes and subdivisions, then you will probably like what the Prairie Grove real estate market has to offer. Quite a bit of the housing here was also built between 1970-1999 ( 35.97%), and between 1940-1969 ( 11.22%). There's also some housing in Prairie Grove built before 1939 ( 4.66%). PRAIRIE GROVE HOME APPRECIATION RATES Appreciation rates for homes in Prairie Grove have been tracking above average for the last ten years, according to 蘑菇视频 data. The cumulative appreciation rate over the ten years has been 101.39%, which ranks in the top 40% nationwide. This equates to an annual average Prairie Grove house appreciation rate of 7.25%. Over the last year, Prairie Grove appreciation rates have trailed the rest of the nation. In the last twelve months, Prairie Grove's appreciation rate has been 5.38%, which is lower than appreciation rates in most communities in America. In the latest quarter, 蘑菇视频's data show that house appreciation rates in Prairie Grove were at 0.74%, which equates to an annual appreciation rate of 2.99%. Relative to Arkansas, our data show that Prairie Grove's latest annual appreciation rate is lower than 90% of the other cities and towns in Arkansas.