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0505740

Learn about the people, housing, costs and businesses in 0505740, Arkansas

Median Home$243,820
Median Rent$1,223/month
Population3,319
Leading IndustriesPublic Administration · Professional Services31% public administration
Home Value Growth⬆⬆⬆+23.2% over 2 years
Young Adults30% of residentsabove average nationally
Homeowners70% of occupied units
NotableAmenity Score69/100 · highly walkable area
NotableHigh Incomes$89k/year · top 26% nationally
0505740
AR

Frequently Asked Questions

What are today's mortgage rates in 0505740?

As of today, the 30-year fixed mortgage rate for 0505740 is approximately 6.961% (6.999% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

View current rates for 0505740
What is the median home price in 0505740?

The median home value in 0505740 is $244k. The median monthly rent is $1,223. Annual property taxes average $1k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in 0505740?

Home values in 0505740 have increased 23.2% over the past two years. This indicates a strong appreciation trend. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in 0505740?

Based on a typical all-in ownership cost of $1,162/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $50k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in 0505740 is $89k/year.

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What industries drive the economy in 0505740?

The largest employment sectors in 0505740 are public administration (31%) and retail (12%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.