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Dermott

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

Median Home$82,972
Median Rent$574/month
Population2,983
Leading IndustriesInformation & Media · Finance & Insurance · Construction12% information & media
Home Value Growth+5.8% over 2 years
Retirees25% of residentsabove average nationally
Homeowners68% of occupied units
NotableAffordable Market$83k median home · lower cost than 99% of the country
Dermott
AR

Frequently Asked Questions

What are today's mortgage rates in Dermott?

As of today, the 30-year fixed mortgage rate for Dermott is approximately 6.992% (7.035% 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 Dermott?

The median home value in Dermott is $83k. The median monthly rent is $574. Annual property taxes average $477. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Dermott?

Home values in Dermott have increased 5.8% 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 Dermott?

Based on a typical all-in ownership cost of $563/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 Dermott is $37k/year.

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What industries drive the economy in Dermott?

The largest employment sectors in Dermott are public administration (26%) and retail (13%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.