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Avoca

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

Median Home$287,361
Median Rent$1,110/month
Population531
Leading IndustriesTransportation · Public Administration4% transportation
Home Value Growth⬆⬆⬆+25.2% over 2 years
Young Adults28% of residentsnear the national average
Homeowners83% of occupied units
Avoca
AR

Frequently Asked Questions

What are today's mortgage rates in Avoca?

As of today, the 30-year fixed mortgage rate for Avoca is approximately 6.882% (6.918% 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 Avoca?

The median home value in Avoca is $287k. The median monthly rent is $1,110. Annual property taxes average $2k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Avoca?

Home values in Avoca have increased 25.2% 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 Avoca?

Based on a typical all-in ownership cost of $984/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $42k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Avoca is $80k/year.

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What industries drive the economy in Avoca?

The largest employment sectors in Avoca are public administration (28%) and retail (10%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.