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Black Oak

Learn about the people, housing, costs and businesses in Black Oak, Arkansas

Median Home$112,600
Median Rent$610/month
Population215
Leading IndustriesArts, Food & Hospitality · Transportation · Professional Services8% arts, food & hospitality
Home Value Growth+7.7% over 2 years
Retirees21% of residentsnear the national average
Homeowners75% of occupied units
NotableAffordable Market$113k median home · lower cost than 87% of the country
NotableHighly Educated23% hold a bachelor's degree · top 23% nationally
Black Oak
AR

Frequently Asked Questions

What are today's mortgage rates in Black Oak?

As of today, the 30-year fixed mortgage rate for Black Oak is approximately 6.870% (6.905% 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 Black Oak?

The median home value in Black Oak is $113k. The median monthly rent is $610. Annual property taxes average $683. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Black Oak?

Home values in Black Oak have increased 7.7% 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 Black Oak?

Based on a typical all-in ownership cost of $549/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $24k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Black Oak is $54k/year.

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What industries drive the economy in Black Oak?

The largest employment sectors in Black Oak are public administration (23%) and retail (11%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.