McRae, AR
Population 717 · Arkansas
About McRae, AR
McRae is a small community located in Arkansas with a population of 717 residents according to the latest US Census Bureau American Community Survey data. The median household income is $35,333 per year, which is 53% below the national median of $75,149. The median age of 41.4 years is close to the US median age of 38.9 years.
Housing Market Overview
The housing market in McRae features a median home value of $81,800, which is 67% below the national median of $244,900. This makes McRae one of the more affordable markets in the country, potentially attractive for first-time homebuyers. Median monthly rent is $721, 38% below the national average of $1,163/month. Of the 337 total housing units, 60% are owner-occupied (191 units) and 40% are renter-occupied (129 units). The balanced mix of owners and renters indicates a diverse housing market.
Economy & Employment
The local economy in McRae shows an unemployment rate of 0.9%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 12.1%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in McRae have an average one-way commute time of 26.7 minutes.
Education & Demographics
8.0% of McRae residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The lower educational attainment rate may reflect the area's industry mix, with more employment in trades, manufacturing, or agricultural sectors. The community's demographic composition includes 9.9% White, 0.7% Hispanic or Latino, 0.0% Black or African American, and 9.1% Asian residents, with 6.4% of the population being foreign-born.
How McRae Ranks in Arkansas
Cost of Living in McRae, AR
Compared to national averages, McRae has a median household income of $35,333 (53% below the national median of $75,149). Home values average $81,800, which is 67% below the national median. Monthly rent at $721 is 38% below the US average of $1,163. Within Arkansas, McRae's income is 32% below the state average of $52,241, and home values are 35% below the state median of $125,457.
Why Live in McRae, AR?
McRae offers affordable housing with a median home value of $81,800, below the US average of $244,900, and rent that’s lower than the national average at $721/month, and a strong job market with an unemployment rate of just 0.9%. Additionally, the city features a low poverty rate of 12.1%, better than the national average.
Potential considerations include median household income ($35,333) that falls below the national average. However, McRae’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
McRae has a population of 717 with a median age of 41.4 years. Compare McRae with other cities to see how it stacks up, or explore all cities in Arkansas.
Similar Cities Near McRae
Cities in Arkansas with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Woodson | 724 | $0 | $135,400 | Compare |
| Bonanza | 730 | $59,583 | $141,300 | Compare |
| Parkin | 702 | $25,588 | $36,700 | Compare |
| Holland | 692 | $53,889 | $147,900 | Compare |
| Caddo Valley | 690 | $56,000 | $121,500 | Compare |
| Sulphur Rock | 747 | $49,440 | $150,700 | Compare |
| Natural Steps | 686 | $151,944 | $443,900 | Compare |
| Quitman | 748 | $37,067 | $111,200 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Arkansas
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
Compare McRae With Other Cities
Frequently Asked Questions about McRae
What is the population of McRae, AR?
The population of McRae, AR is 717 according to the latest US Census Bureau American Community Survey estimates. This makes it a small community in Arkansas.
What is the median household income in McRae?
The median household income in McRae, AR is $35,333 per year, which is 53% below the national median of $75,149.
What is the median home value in McRae?
The median home value in McRae, AR is $81,800, which is 67% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in McRae?
The median monthly rent in McRae, AR is $721, which is 38% below the national average of $1,163/month.
What is the unemployment rate in McRae?
The unemployment rate in McRae, AR is 0.9%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is McRae, AR a good place to live?
McRae offers a moderate cost of living, affordable housing, and a strong job market. With a population of 717 and a median age of 41.4, the city appeals to a broad range of residents.
How educated is McRae, AR?
8.0% of residents in McRae aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The educational profile reflects the area's industry mix and employment landscape.
What is the cost of living in McRae?
Key cost-of-living indicators for McRae, AR: median home value is $81,800 (67% below national), median rent is $721/month, and median household income is $35,333. The home-value-to-income ratio is 2.3x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in McRae?
The poverty rate in McRae, AR is 12.1%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is McRae, AR?
McRae's population is 9.9% White, 0.7% Hispanic or Latino, 0.0% Black or African American, 9.1% Asian, and 0.0% two or more races. 6.4% of residents are foreign-born.