Get & compare mortgage quotes anonymously Start in My Home

Safe Rate Local

Altus

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

Median Home$116,300
Median Rent$717/month
Population716
Leading IndustriesRetail · Construction · Information & Media28% retail
Home Value Growth⬆⬆⬆+26.5% over 2 years
Family-Friendly26% of residentsabove average nationally
Homeowners85% of occupied units
NotableAffordable Market$116k median home · lower cost than 86% of the country
NotableTransit80/100 · excellent transit access
Altus
AR

Frequently Asked Questions

What are today's mortgage rates in Altus?

As of today, the 30-year fixed mortgage rate for Altus is approximately 7.055% (7.100% 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 Altus
What is the median home price in Altus?

The median home value in Altus is $116k. The median monthly rent is $717. Annual property taxes average $1k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Altus?

Home values in Altus have increased 26.5% 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 Altus?

Based on a typical all-in ownership cost of $625/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $27k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Altus is $56k/year.

Calculate your buying power
What industries drive the economy in Altus?

The largest employment sectors in Altus are retail (28%) and public administration (19%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.