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Canehill

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

Median Home$221,400
Median Rent$912/month
Population88
Leading IndustriesTransportation · Professional Services · Finance & Insurance3% transportation
Home Value Growth+10.5% over 2 years
Family-Friendly25% of residentsslightly above average
Homeowners58% of occupied units
NotableHighly Educated27% hold a bachelor's degree · top 14% nationally
Canehill
AR

Frequently Asked Questions

What are today's mortgage rates in Canehill?

As of today, the 30-year fixed mortgage rate for Canehill is approximately 6.924% (6.961% 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 Canehill?

The median home value in Canehill is $221k. The median monthly rent is $912. Annual property taxes average $1k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Canehill?

Home values in Canehill have increased 10.5% 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 Canehill?

Based on a typical all-in ownership cost of $998/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $43k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Canehill is $64k/year.

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What industries drive the economy in Canehill?

The largest employment sectors in Canehill are public administration (21%) and retail (13%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.