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Arcola

Learn about the people, housing, costs and businesses in Arcola, Mississippi

Median Home$115,200
Median Rent$640/month
Population286
Leading IndustriesConstruction · Agriculture & Mining · Transportation32% construction
Home Value Growth+6.3% over 2 years
Young Adults33% of residentswell above average
Homeowners88% of occupied units
NotableAffordable Market$115k median home · lower cost than 87% of the country
NotableTransit80/100 · excellent transit access
Arcola
MS

Frequently Asked Questions

What are today's mortgage rates in Arcola?

As of today, the 30-year fixed mortgage rate for Arcola is approximately 6.996% (7.039% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

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What is the median home price in Arcola?

The median home value in Arcola is $115k. The median monthly rent is $640. Annual property taxes average $1k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Arcola?

Home values in Arcola have increased 6.3% over the past two years. This represents moderate growth. 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 Arcola?

Based on a typical all-in ownership cost of $1,145/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $49k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Arcola is $66k/year.

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What industries drive the economy in Arcola?

The largest employment sectors in Arcola are agriculture and mining (32%) and construction (32%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.