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Big Flat

Learn about the people, housing, costs and businesses in Big Flat, Arkansas

Median Home$148,100
Median Rent$753/month
Population94
Leading IndustriesFinance & Insurance · Information & Media · Professional Services9% finance & insurance
Home Value Growth+7.9% over 2 years
Retirees21% of residentsnear the national average
Homeowners84% of occupied units
NotableAffordable Market$148k median home · lower cost than 75% of the country
Big Flat
AR

Frequently Asked Questions

What are today's mortgage rates in Big Flat?

As of today, the 30-year fixed mortgage rate for Big Flat is approximately 7.075% (7.120% 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 Big Flat?

The median home value in Big Flat is $148k. The median monthly rent is $753. Annual property taxes average $645. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Big Flat?

Home values in Big Flat have increased 7.9% 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 Big Flat?

Based on a typical all-in ownership cost of $578/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $25k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Big Flat is $46k/year.

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What industries drive the economy in Big Flat?

The largest employment sectors in Big Flat are public administration (21%) and retail (14%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.