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City · 7,798 residents · Washington County, Arkansas

Prairie Grove , Arkansas

In Prairie Grove, a typical home is worth $256,000 and typical rent is $968 a month. Compared with all of Washington County, the typical home value is 14% lower, typical rent is 10% lower, and the share of households that own their home is 9 points higher.

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  • Typical home value

    $256,000

    14% below the county

    36% above Arkansas

    • Prairie Grove
    • Washington
    • Arkansas

  • Typical rent

    $968a month

    10% below the county

    2% above Arkansas

    • Prairie Grove
    • Washington
    • Arkansas

  • Typical household income

    $70,701a year

    About the same as the county

    16% above Arkansas

    • Prairie Grove
    • Washington
    • Arkansas

  • Households that own their home

    65%

    9 points above the county

    1 points below Arkansas

    • Prairie Grove
    • Washington
    • Arkansas

Source: U.S. Census Bureau, Average 2020–2024

Market now, with Zillow data

Zillow data
Typical home value
$318,649
3.3% more than 12 months ago
Typical rent
$1,498 a month
0.9% less than 12 months ago

From Zillow (ZHVI/ZORI), September 2026. The Census figures above are 5-year averages (2020–2024).

Prairie Grove is in Washington County. The FHA loan limit ($541,287 for a one-unit home), the fair market rents and the help on this page are those of all of Washington County. See the county

Data updated: October 1, 2026 11 official sources

Only here

What sets Prairie Grove apart

What this place has that others do not, from public data, most unusual first.

  1. 65% of households in Prairie Grove own their home, against 56% in Washington County.

Sources: U.S. Census Bureau (Average 2020–2024).

The homes here

Housing in Prairie Grove

What homes there are in Prairie Grove, what they cost, how that changed and how people live, from Census figures (2020–2024).

What homes there are

U.S. Census Bureau, ACS 5-year, 2020–2024

Kind of home

Detached houses, standing on their own, make up 80% of homes here, against 62% in Washington County.

Year built

Homes in Prairie Grove are newer: the typical year built is 2002; in Washington County, 1995.

All homes, occupied or empty. A figure the Census cannot measure precisely enough here is not shown.

Census tables: B25024, B25034, B25035, B25041

What it costs here

U.S. Census Bureau, ACS 5-year, 2020–2024

Value of owner-occupied homes
Monthly rent with utilities

With a mortgage

$1,442 a month

Washington County: $1,601 a month

Without a mortgage

$456 a month

Washington County: $498 a month

Owners with a mortgage

72%

Washington County: 62%

In Prairie Grove, 72% of owners have a mortgage, and their typical cost is $1,442 a month, against $1,601 in Washington County. Without one it drops to $456.

Value: what owners think their home is worth. Rent: rent plus utilities, for homes of every size. The FHA limit is the most an FHA loan (Federal Housing Administration) lends for a one-unit home; the fair market rent (FMR) is the one HUD uses for housing vouchers.

Census tables: B25075, B25063, B25088, B25081

How it changed

U.S. Census Bureau, ACS 5-year, 2015–2019 and 2020–2024

Change since 2015–2019

From 2015–2019 to 2020–2024, the typical home value in Prairie Grove rose 68%; in Washington County, it rose 72%.

Since 2015–2019, the typical rent in Prairie Grove rose 29%, less than in Washington County (35%).

Change between two 5-year periods that do not overlap, in each period's dollars, not adjusted for inflation.

Census tables: B25077, B25064, B19013

How people live

U.S. Census Bureau, ACS 5-year, 2020–2024

MeasurePrairie GroveWashington CountyArkansasUnited States
Rental vacancy Unreliable estimate4.2%6.4%5.5%
Homeowner vacancy Unreliable estimateUnreliable estimate1.1%0.9%
More than one person per room Unreliable estimate4.4%2.7%3.4%
People per household 2.802.552.462.53
Drive alone 79%76%79%69%
Carpool Unreliable estimate9%9%9%
Public transit Unreliable estimate1%0%3%
Walk or bike Unreliable estimate2%2%3%
Work from home 14%11%9%15%
Other means Unreliable estimate1%1%2%
Typical commute Unreliable estimateUnreliable estimate10 to 19 minutes20 to 29 minutes

More people live in each home here: 2.80 on average, against 2.55 in Washington County.

To get to work, 79% of workers in Prairie Grove drive alone; in Washington County, 76%.

Vacancy: empty homes offered for rent or for sale. Rooms: every room in the home, not only bedrooms. Commute: the minute range of the typical worker.

Census tables: B25004, B25003, B25014, B25010, B08301, B08303

Do the math

What would you pay each month for a home in Prairie Grove?

A typical home is tight for the typical income

We start with a typical home in Prairie Grove, worth $256,000, an FHA loan with 3.5% down and the latest average rate (7.18%). That payment would take 35% of the typical household income in Prairie Grove, which is $70,701 a year. For that payment to be 28% of income, a household would need to earn about $87,431 a year.

The calculator's FHA and conventional loan limits are those of all of Washington County.

Your numbers

Local data
$

Starts at the typical home value in Prairie Grove. Change it to the price you have in mind.

Loan type
Your credit score

Your score changes which loans apply and FHA's minimum down payment. Your real rate also depends on your credit.

Down payment
%

That is $8,960 (3.5% of the price). The usual minimum for this loan is 3.5%.

This week's average ± a quarter or half point.

Term

National average as of November 5, 2026 (Freddie Mac); your rate may be different.

Adjust advanced details

Estimated monthly payment

Local data

$2,040

at 7.18% · 30 years

Loan amount
$251,363
Total interest
$361,653
Paid off in
November 2056

Includes $4,323 FHA upfront mortgage insurance premium.

Does it fit the income?

  • Comfortable

    up to $1,650 a month

  • Tight

    $1,650 to $2,121 a month

    Your payment · 35%

  • Hard

    more than $2,121 a month

Compared with the typical household income in Prairie Grove ($70,701 a year). Reference: HUD calls paying more than 30% of income for housing a cost burden.

Show the result as
per month$2,040
Principal & interest$1,703
Property tax$117
Home insurance$107
FHA mortgage insurance (MIP)$113

You need at least $8,960 for the down payment, plus closing costs.

Next step

This is an estimate to give you an idea, not a loan offer. Your real payment depends on your rate, your credit, and the insurance and taxes on the home you buy.

The city and its county

Prairie Grove and Washington County

Prairie Grove is in Washington County, Arkansas. The U.S. Census Bureau publishes its own numbers for the city: home values, rent, household income, how many households own their home and the property tax. They are American Community Survey estimates (average 2020–2024).

Prairie Grove's own numbers

Typical home value
$256,000
Typical monthly rent
$968
Typical yearly household income
$70,701
Households that own their home
65%
Effective property tax rate
0.55%

U.S. Census Bureau, American Community Survey (average 2020–2024).

Numbers for all of Washington County

FHA limit, one-unit home
$541,287
Conventional limit, one unit
$832,750
HUD fair market rent, 2 bedrooms
$1,256
Price change over 5 years (FHFA)
+67%
Homes in a high flood-risk zone
1.9%

HUD, FHFA and FEMA don't publish these numbers by city.

Other numbers are not published by city, only for the whole county: FHA and conventional loan limits, HUD’s fair market rents, FHFA’s price index and FEMA’s flood data. On this page, those numbers always say they are for all of Washington County.

Everything about Washington County

Buying

Buying a home in Prairie Grove

A typical home in Prairie Grove is worth $256,000: 14% below the county and 36% above Arkansas. With the typical household income in Prairie Grove ($70,701 a year), a typical home costs 3.6 times what the household earns in a year.

Years of income to pay for a typical home

The typical home value divided by the typical household income for one year. The lower it is, the less buying weighs.

  • Prairie Grove 3.6 years
  • Washington 4.2 years
  • Arkansas 3.1 years
  • United States 4.1 years
Source: U.S. Census Bureau, Average 2020–2024

How prices have changed in Washington County

According to FHFA’s house price index, home prices in Washington County rose 115% in the 10 years through 2025.

FHFA does not publish this index by city: these are the numbers for all of Washington County.

Period County Arkansas U.S.
Last year (2025) +3.2% +3.4% +2.9%
5 years (2020–2025) +67% +52% +47%
10 years (2015–2025) +115% +79% +85%

The index follows the price of the same homes over time (sales and appraisals with Fannie Mae and Freddie Mac loans). It is not the average price of a home. FHFA considers its annual county indexes experimental. Source: FHFA, 2025 data

Prairie Grove next to Washington County, Arkansas and the U.S.

Three numbers side by side. “Typical” means the median: half are above it and half below.

Typical home value
  • Prairie Grove $256,000
  • Washington $298,400
  • Arkansas $188,000
  • United States $332,700
Typical monthly rent
  • Prairie Grove $968
  • Washington $1,071
  • Arkansas $947
  • United States $1,413
Typical yearly household income
  • Prairie Grove $70,701
  • Washington $70,639
  • Arkansas $60,773
  • United States $80,734
See the full table
Prairie Grove next to Washington County and Arkansas
Measure Prairie Grove Washington County Arkansas U.S.
Typical home value $256,000 $298,400 $188,000 $332,700
Typical monthly rent $968 $1,071 $947 $1,413
Typical yearly household income $70,701 $70,639 $60,773 $80,734
Households that own their home 65% 56% 66% 65%
Typical yearly property tax $1,400 $1,564 $1,040 $3,119
Effective property tax rate 0.55% 0.52% 0.55% 0.94%
Renters with high rent for their income 46% 45% 45% 51%

“Typical” means the median: half are above and half are below. ▲ and ▼ say whether the city is above or below Washington County. “High rent” is the Census measure: renter households that pay 30% or more of their income in rent.

Four ways to pay for a typical home in Prairie Grove

For a typical $256,000 home in Prairie Grove, at Freddie Mac's average rate (7.18% as of November 5, 2026) over 30 years. The monthly payment adds principal and interest, Prairie Grove's typical property tax, an example home insurance and mortgage insurance when it applies.

  • FHA, 3.5% down $2,040a month

    Least cash to close
    Down payment
    $8,960
    Cash to close
    $16,640
    Rate
    7.18%
    Mortgage insurance
    FHA MIP · $113

  • Conventional, 5% down $1,993a month

    Down payment
    $12,800
    Cash to close
    $20,480
    Rate
    7.18%
    Mortgage insurance
    PMI · $122

  • Conventional, 20% down, no PMI $1,611a month

    Down payment
    $51,200
    Cash to close
    $58,880
    Rate
    7.18%
    Mortgage insurance
    None

  • ITIN, 15% down (example) $1,848a month

    Down payment
    $38,400
    Cash to close
    $46,080
    Rate
    8.18%
    Mortgage insurance
    None

The option that asks for the least cash to close is FHA, 3.5% down.

  • Cash to close = down payment plus 3% of the price in closing costs (example).
  • Minimum score: FHA requires 580 or higher for the minimum down payment (HUD Handbook 4000.1). * Fannie Mae requires 620 when a loan is underwritten by hand; its automated system has no fixed minimum.
  • The ITIN row is an example with a rate 1 percentage point higher: ITIN loans follow no federal rule and each lender sets its own down payment and rate. Nothing in this table promises an approval.

How much house can I afford? Estimate closing costs

Taxes and floods

Two costs that change from place to place

Property tax and flood insurance raise or lower what you pay each month. Here are the numbers for Prairie Grove and for Washington County.

Property tax

Effective rate in Prairie Grove

0.55%of the home’s value each year

$1,400 a year for the typical owner in Prairie Grove.

  • Prairie Grove 0.55%
  • Washington 0.52%
  • Arkansas 0.55%

What Arkansas publishes Homestead property tax credit (Arkansas General Assembly (Act 174 of the 2026 Fiscal Session))

Exemptions and deadlines in Arkansas

Flood risk in Washington County

FEMA does not publish these numbers by city: they are for all of Washington County.

Homes in the high-risk zone
1.9%
1,403
Of those, with NFIP insurance
25%
County Arkansas U.S.
Homes in the high-risk zone 1.9% 3.4% 3.5%
Of those, with NFIP insurance 25% 17% 48%

Most homeowners insurance policies do not cover flood damage.

Look up your address on FEMA’s map

Renting

Renting in Prairie Grove

Typical rent in Prairie Grove is $968 a month: 10% below the county. In Prairie Grove, 46% of renter households pay 30% or more of their income in rent.

HUD publishes a fair market rent for all of Washington County, by unit size. To pay the 2-bedroom one ($1,256 a month) without spending more than 30% of your income, you would need to earn $24.15 an hour working full time.

HUD fair market rent for all of Washington County

What you need to earn to pay it without spending more than 30% of income, working full time.

Size Fair rent a month Hourly wage Yearly income
Studio $916 $17.62 $36,640
1 bedroom $1,056 $20.31 $42,240
2 bedrooms $1,256 $24.15 $50,240
3 bedrooms $1,739 $33.44 $69,560
4 bedrooms $2,099 $40.37 $83,960

Includes basic utilities. It isn't the lowest or highest rent: it's a reference point. Source: HUD, Fiscal year 2027

By ZIP code

Fair market rent by ZIP code in Prairie Grove

HUD also publishes a fair market rent for each ZIP code (Small Area FMR, fiscal year 2027). Prairie Grove has 2 ZIP codes with their own.

For 2 bedrooms it runs from $1,220 in 72753 to $1,570 in 72730.

1 of the 2 is above the fair market rent for Washington County ($1,256).

  • 72730 $1,570$2,170
  • 72753 $1,220$1,690

2 of these ZIP codes cross the city line: HUD sets the rent by ZIP code, not by city. A ZIP code counts for Prairie Grove when at least 50% of its land is inside the city or it covers at least 15% of the city (Census 2020 boundaries). Source: Small Area Fair Market Rents (HUD) Fiscal year 2027 Small Area Fair Market Rents (HUD) Source: Census Bureau ZCTA-to-place relationship file Data from 2020 data Census Bureau ZCTA-to-place relationship file

Is your rent high for your ZIP?

Free help

Help to buy or rent in Prairie Grove

You do not have to do this alone. A HUD-approved housing counseling agency helps for free or at low cost: getting ready to buy, understanding your credit, or solving a problem with your rent.

There is 1 HUD-approved agency with an office in Washington County; 1 says it serves in Spanish.

A young woman and a young man point to a line in their notes beside a laptop in a library.

HUD counseling is free or low-cost

Assistance programs in Prairie Grove

No down payment, repair or rent-help program on our list is for Prairie Grove or Washington County. The ones below are statewide in Arkansas: they work in Prairie Grove the same as in the rest of the state.

Which programs do I qualify for? All programs in Arkansas

  • ADFA Down Payment Assistance Loan Program

    Statewide in Arkansas

    Arkansas state authority second mortgage of $1,000 to $15,000 for the down payment and closing costs, over 10 years and at the same rate as the ADFA first mortgage (Move-Up or StartSmart). Offered by Arkansas Development Finance Authority (ADFA).

    Repayable

    See the program Official page

Housing counselors near Prairie Grove

The HUD-approved agencies closest to the center of Prairie Grove, in a straight line, nearest first. If one says it serves in Spanish, its card says so.

  • Credit Counseling of Arkansas

    1111 E Zion Rd, Fayetteville · 13 miles away · Spanish

    Also serves in other languages.

    • Mortgage delinquency and default
    • Budget and financial counseling
    • and 3 more
    (479) 521-8877

  • Credit Counseling of Arkansas - Bentonville

    17320 Moberly Ln., Suite 3, Bentonville · 27 miles away · Spanish

    Also serves in other languages.

    • Mortgage delinquency and default
    • Budget and financial counseling
    • and 2 more
    (479) 521-8877

  • Crawford Sebastian Community Development Council

    1617 S Zero St, Fort Smith · 46 miles away · Spanish

    • Mortgage delinquency and default
    • Fair housing pre-purchase workshops
    • and 4 more
    (479) 785-2303

Every agency in Washington County All counseling agencies in Arkansas

Help in Spanish near Prairie Grove

3 of the 3 agencies on this list say they serve in Spanish.

Ask for service in Spanish

When you call, say “Spanish, please” or ask if someone speaks Spanish. If not, ask whether they offer an interpreter.

Housing authorities of Prairie Grove

In HUD’s record, no housing authority with an office in Washington County is named for Prairie Grove or Washington County.

3 other authorities have an office in Washington County: see the list Source: HUD

Cities

Other cities in Washington County

These cities are also in Washington County. They share its loan limits and fair market rents, but home values and rent change from one to the next.

Everything about Washington County Housing in Arkansas

Nearby cities

The cities closest to Prairie Grove, with the typical home value.

Neighboring counties

If Washington County is out of reach, look next door. Each number is that county's own.

Keep going

Guides for your next step

Short explanations, in plain language and with official sources, for buying or renting in Prairie Grove.

All guides
A man and two girls read a book together on the sofa.

Questions

Housing questions about Prairie Grove

Short answers with the numbers for Prairie Grove and all of Washington County. If your case is different, a HUD-approved counseling agency can guide you for free or at low cost.

How much does a typical home cost in Prairie Grove?

The typical home value in Prairie Grove is $256,000, according to the U.S. Census Bureau (average 2020–2024). For comparison, in Washington County it is $298,400.

How much does it cost to rent in Prairie Grove?

Typical rent in Prairie Grove is $968 a month, according to the U.S. Census Bureau. HUD’s fair market rent for 2 bedrooms in Washington County is $1,256.

What is the FHA loan limit in Prairie Grove?

Prairie Grove uses the FHA limit for all of Washington County (2026): $541,287 for a one-unit home and $1,041,125 for a four-unit home.

How much property tax do owners pay in Prairie Grove?

The typical homeowner in Prairie Grove pays $1,400 a year, according to the U.S. Census Bureau. That is 0.55% of the home’s value; in Washington County, the rate is 0.52%.

Where can I find free help to buy or rent in Prairie Grove?

There is 1 HUD-approved counseling agency with an office in Washington County. 1 says it serves in Spanish. They can help you get ready to buy, with your credit, or with rent.

Sources: American Community Survey (ACS) 5-year estimates (Average 2020–2024); FHA mortgage limits (HUD) (2026 data); Conforming loan limits (FHFA) (2026 data); Fair Market Rents (HUD) (Fiscal year 2027); Small Area Fair Market Rents (HUD) (Fiscal year 2027); Census Bureau ZCTA-to-place relationship file (2020 data); HUD-approved housing counseling agencies (Retrieved November 6, 2026); Public Housing Agencies (HUD) (Retrieved November 6, 2026); Freddie Mac Primary Mortgage Market Survey (PMMS) (As of November 5, 2026); FHFA House Price Index (HPI) (2025 data); Homes with flood insurance (NFIP, FEMA) (As of August 3, 2026).