The median home value in Morrilton, AR is $119,450. This is lower than the county median home value of $125,000. The national median home value is $308,980. The average price of homes sold in Morrilton, AR is $119,450. Approximately 55% of Morrilton homes are owned, compared to 35% rented, while 11% are vacant. Morrilton real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you're interested in, contact a Morrilton real estate agent to arrange a tour today! Learn more about Morrilton Real Estate.