menu
Data on this report is based on areas within the legal city boundary, outlined in black on the map. Any additional neighborhoods shown on the map are associated with the city by name and are included for reference only.



McRae, AR Real Estate Market

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q2 2024. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2022 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

McRae, AR Housing Market Trends

With a population of 616, 388 total housing units (homes and apartments), and a median house value of $97,948, house prices in McRae are some of the most affordable in Arkansas as well as the nation.

Single-family detached homes are the single most common housing type in McRae, accounting for 58.62% of the city's housing units. Other types of housing that are prevalent in McRae include mobile homes or trailers ( 26.11%), large apartment complexes or high rise apartments ( 9.11%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 6.16%).

People in McRae primarily live in small (one, two or no bedroom) single-family detached homes. McRae has a mixture of owner-occupied and renter-occupied housing.

There is a lot of housing in McRae built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in McRae built between 1940-1969 ( 23.40%). A lesser amount of the housing stock also hails from between 2000 and later ( 22.41%). There's also some housing in McRae built before 1939 ( 12.07%).

McRae Home Appreciation Rates

McRae's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in McRae during the period has been just 4.62%, which is lower than 80% of US communities.

Appreciation rates are so strong in McRae that despite a nationwide downturn in the housing market, McRae real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, McRae appreciation rates continue to be some of the highest in America, at 9.77%, which is higher than appreciation rates in 86.14% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in McRae. McRae appreciation rates in the latest quarter were at 2.97%, which equates to an annual appreciation rate of 12.43%.

Relative to Arkansas, our data show that McRae's latest annual appreciation rate is higher than 90% of the other cities and towns in Arkansas.

Average Home Values

Median Home Value

$97,948

McRae, AR Home Prices
> $1,292,000
$970,001 - $1,292,000
$646,001 - $970,000
$517,001 - $646,000
$388,001 - $517,000
$258,001 - $388,000
$129,001 - $258,000
$65,001 - $129,000
$0 - $65,000
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
4.3%
4.3%
30.1%
30.1%
33.8%
33.8%
31.7%
31.7%
0% 100.0%
% of Homes
Very Low

for Arkansas

Very Low

for nation

Number of Homes And Apartments:

388

McRae Appreciation Rates

Rent & Ownership

Average Market Rent:

$1,228 / per month

Homeownership Rate

Owners
Renters
56.4%
56.4%
43.6%
43.6%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
4.4%
4.4%
95.6%
95.6%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
22.4%
22.4%
42.1%
42.1%
23.4%
23.4%
12.1%
12.1%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
58.6%
58.6%
0.0%
0.0%
6.2%
6.2%
9.1%
9.1%
26.1%
26.1%
0.0%
0.0%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
0.0%
0.0%
16.3%
16.3%
45.1%
45.1%
34.2%
34.2%
4.4%
4.4%
0.0%
0.0%
0% 100.0%
% of Homes

Popular Neighborhoods in McRae

Zip Codes in McRae, AR