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Arkansas

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

Median Home$81,021
Median Rent$797/month
Population11,898
Leading IndustriesRetail · Public Administration · Information & Media21% retail
Home Value Growth+6.6% over 2 years
Young Adults31% of residentsabove average nationally
Homeowners57% of occupied units
NotableTransit84/100 · excellent transit access
NotableAffordable Market$81k median home · lower cost than 97% of the country
Arkansas City
KS

Frequently Asked Questions

What are today's mortgage rates in Arkansas?

As of today, the 30-year fixed mortgage rate for Arkansas is approximately 7.007% (7.050% 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 Arkansas?

The median home value in Arkansas is $81k. The median monthly rent is $797. Annual property taxes average $1k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Arkansas?

Home values in Arkansas have increased 6.6% 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 Arkansas?

Based on a typical all-in ownership cost of $750/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $32k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Arkansas is $50k/year.

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What industries drive the economy in Arkansas?

The largest employment sectors in Arkansas are public administration (28%) and retail (21%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.