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Colt

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

Median Home$89,100
Median Rent$723/month
Population279
Leading IndustriesPublic Administration · Arts, Food & Hospitality · Healthcare32% public administration
Home Value Growth⬆⬆⬆+35.8% over 2 years
Young Adults42% of residentstop 2% nationally
Homeowners67% of occupied units
NotableTransit86/100 · excellent transit access
NotableAffordable Market$89k median home · lower cost than 95% of the country
Colt
AR

Frequently Asked Questions

What are today's mortgage rates in Colt?

As of today, the 30-year fixed mortgage rate for Colt is approximately 6.872% (6.907% 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 Colt?

The median home value in Colt is $89k. The median monthly rent is $723. Annual property taxes average $490. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Colt?

Home values in Colt have increased 35.8% 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 Colt?

Based on a typical all-in ownership cost of $709/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $30k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Colt is $45k/year.

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What industries drive the economy in Colt?

The largest employment sectors in Colt are public administration (32%) and healthcare (12%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.