Prescott, AR
Population 3,063 · Arkansas
About Prescott, AR
Prescott is a small town located in Arkansas with a population of 3,063 residents according to the latest US Census Bureau American Community Survey data. The median household income is $29,403 per year, which is 61% below the national median of $75,149. The median age of 35.4 years is notably younger the US median age of 38.9 years, indicating a younger, often more dynamic population base.
Housing Market Overview
The housing market in Prescott features a median home value of $95,100, which is 61% below the national median of $244,900. This makes Prescott one of the more affordable markets in the country, potentially attractive for first-time homebuyers. Median monthly rent is $863, 26% below the national average of $1,163/month. Of the 1,497 total housing units, 32% are owner-occupied (386 units) and 68% are renter-occupied (823 units). The higher proportion of renters may reflect a transient population, younger demographics, or high housing costs relative to income.
Economy & Employment
The local economy in Prescott shows an unemployment rate of 4.1%, which is near the national rate of 3.7%. The poverty rate stands at 34.1%, above the national average of 12.4%. Workers in Prescott have an average one-way commute time of 22.9 minutes.
Education & Demographics
11.4% of Prescott 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 3.9% White, 0.1% Hispanic or Latino, 0.0% Black or African American, and 4.7% Asian residents, with 0.2% of the population being foreign-born.
Cost of Living in Prescott, AR
Compared to national averages, Prescott has a median household income of $29,403 (61% below the national median of $75,149). Home values average $95,100, which is 61% below the national median. Monthly rent at $863 is 26% below the US average of $1,163. Within Arkansas, Prescott's income is 44% below the state average of $52,241, and home values are 24% below the state median of $125,457.
Why Live in Prescott, AR?
Prescott offers affordable housing with a median home value of $95,100, below the US average of $244,900, and rent that’s lower than the national average at $863/month, and short commute times averaging just 22.9 minutes.
Potential considerations include median household income ($29,403) that falls below the national average. However, Prescott’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Prescott has a population of 3,063 with a median age of 35.4 years. Compare Prescott with other cities to see how it stacks up, or explore all cities in Arkansas.
Similar Cities Near Prescott
Cities in Arkansas with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Green Forest | 3,072 | $63,813 | $127,100 | Compare |
| Huntsville | 3,086 | $52,472 | $146,300 | Compare |
| Little Flock | 3,040 | $56,961 | $383,900 | Compare |
| Elm Springs | 3,000 | $112,917 | $362,400 | Compare |
| West Fork | 3,131 | $70,486 | $182,800 | Compare |
| Hamburg | 2,992 | $35,027 | $77,700 | Compare |
| DeWitt | 2,980 | $48,221 | $85,800 | Compare |
| Corning | 3,169 | $44,197 | $85,800 | 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 Prescott With Other Cities
Frequently Asked Questions about Prescott
What is the population of Prescott, AR?
The population of Prescott, AR is 3,063 according to the latest US Census Bureau American Community Survey estimates. This makes it a small town in Arkansas.
What is the median household income in Prescott?
The median household income in Prescott, AR is $29,403 per year, which is 61% below the national median of $75,149.
What is the median home value in Prescott?
The median home value in Prescott, AR is $95,100, which is 61% below the national median of $244,900. A significant portion of residents rent their homes.
What is the average rent in Prescott?
The median monthly rent in Prescott, AR is $863, which is 26% below the national average of $1,163/month.
What is the unemployment rate in Prescott?
The unemployment rate in Prescott, AR is 4.1%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Prescott, AR a good place to live?
Prescott offers a moderate cost of living, affordable housing, and growing employment opportunities. With a population of 3,063 and a median age of 35.4, the city appeals to a broad range of residents.
How educated is Prescott, AR?
11.4% of residents in Prescott 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 Prescott?
Key cost-of-living indicators for Prescott, AR: median home value is $95,100 (61% below national), median rent is $863/month, and median household income is $29,403. The home-value-to-income ratio is 3.2x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Prescott?
The poverty rate in Prescott, AR is 34.1%, compared to the national average of 12.4%. Residents and prospective movers should be aware of the economic challenges facing parts of this community.
How diverse is Prescott, AR?
Prescott's population is 3.9% White, 0.1% Hispanic or Latino, 0.0% Black or African American, 4.7% Asian, and 38.9% two or more races. 0.2% of residents are foreign-born.