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Cove

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

Median Home$82,700
Median Rent$636/month
Population362
Leading IndustriesManufacturing · Retail · Finance & Insurance2% manufacturing
Home Value Growth⬆⬆+17.8% over 2 years
Family-Friendly23% of residentsnear the national average
Homeowners73% of occupied units
NotableAffordable Market$83k median home · lower cost than 97% of the country
Cove
AR

Frequently Asked Questions

What are today's mortgage rates in Cove?

As of today, the 30-year fixed mortgage rate for Cove 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 Cove?

The median home value in Cove is $83k. The median monthly rent is $636. Annual property taxes average $485. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Cove?

Home values in Cove have increased 17.8% 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 Cove?

Based on a typical all-in ownership cost of $535/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $23k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Cove is $57k/year.

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What industries drive the economy in Cove?

The largest employment sectors in Cove are public administration (23%) and retail (15%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.