Commercial Real Estate Market in Morrilton, AR
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
44 active listings and 721 off-market properties in Morrilton, AR. Commercial property asks $207/SF to buy and $10.00/SF/Yr to lease.
Market Trends
Morrilton, AR spans 117.3 square miles in Conway County, Arkansas. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Morrilton, AR runs 20.2% across the South region in 2025, up from 14.4% in 2019.
Vacancy Rate % in South region
Retail
Retail vacancy in Morrilton, AR runs 5.4% across the South region in 2025, down from 7% in 2020.
Vacancy Rate % in South region
Industrial
Industrial vacancy in Morrilton, AR runs 7.9% across the South region in 2025, up from 6% in 2019. Nearly 2.3x the 2022 low of 3.5%.
Vacancy Rate % in South region
Multifamily
Multifamily vacancy in Morrilton, AR runs 11.3% across the South region in 2025, up from 8.5% in 2022.
Vacancy Rate % in South region
Zoning & Land Use
Land Use Mix share of zoned land by category
- Residential 55.1%
- Commercial 28%
- Industrial 16.8%
- Planned_development 0.1%
Largest Zones share of zoned land by district
Single Family Residential
Highway Service District
Two Family Residential
Multiple Family Residential
Restricted Industrial District
Morrilton, AR zones 5,579 acres across 15 districts. Commercial zoning covers 28% of zoned land, residential 55.1% and industrial 16.8%. The largest single district is Single Family Residential at 33.2%. For commercial buyers the practical constraint is that only 44.8% of land carries a commercial or industrial designation.
Single Family Residential (R-1)
It is intended to provide areas for suburban density residential development, promote the proper transition of land from rural to urban areas, and is designed for uses such as single-family dwelling units and community facilities.
Market overview
Demographics & Economy
Morrilton, AR has 11,507 residents in 5,021 households. Density runs 98 people per square mile. Median household income here is $47,439 and median gross rent $704 a month.
11,507
Population
5,021
Households
2.3
Avg Household Size
40
Median Age
17%
College-Educated
90%
High-School Grad
117.3 sq mi
ZIP Area
98
Density / Sq Mi
$47,439
Median Household Income
$29,722
Median Earnings
$704
Median Rent
$146,400
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Gibson | — | — |
| Riverview | — | — |
| Oppelo | — | — |
| Plumerville | — | — |
Commercial property in Morrilton, AR asks $207/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Morrilton?
Commercial property in Morrilton, AR asks an average of $207 per square foot. The 3 most recent recorded sales traded at a median of $37/SF, so asking sits 464% above the achieved median.
How much does it cost to lease commercial space in Morrilton?
Asking lease rates in Morrilton, AR average $10.00 per square foot per year.
What zoning applies to commercial property in Morrilton?
Morrilton, AR zones 5,579 acres across 15 districts, of which 28% is commercial and 16.8% industrial. The largest single district is Single Family Residential at 33.2% of zoned land. It is intended to provide areas for suburban density residential development, promote the proper transition of land from rural to urban areas, and is designed for uses such as single-family dwelling units and community facilities. Residential zoning covers 55.1% and open space 0%.
Where does Realmo's Morrilton market data come from?
Realmo compiles Morrilton, AR figures from 5 recent recorded sales, 41 active sale listings, 3 active lease listings, 721 tracked off-market properties, the current Morrilton zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 41 active for-sale and 3 active for-lease listings in Morrilton, AR. These are ASKING figures from live listings, not closed-transaction prices, and a segment carried by a handful of listings reads as indicative rather than an average.
- Vacancy rates
- Published per-sector market series, taken at the metro level where one exists and otherwise at the Census-region level — a chart reading "in <region> region" is a regional number, not this city's.
- Zoning and land use
- The current municipal zoning release: 5,579 zoned acres across 15 districts. Shares are of zoned land, so parcels the release leaves unclassified are excluded from the mix.
- Refresh
- The monthly aggregates close at the end of the previous month, so 31 August 2026 — not today — is the honest last update.
- Known limitations
- office vacancy is reported at South region level, retail vacancy is reported at South region level, industrial vacancy is reported at South region level and asking prices run materially above recent closed pricing.
- Coverage
- Metrics below the 10-observation threshold fall back one geographic level. The geography used is named on each figure.
Compiled by the Realmo Data team · reviewed 31 August 2026 · report a data issue
