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Drasco

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

Median Home$117,959
Median Rent$939/month
Population138
Leading IndustriesWholesale Trade · Construction · Agriculture & Mining15% wholesale trade
Home Value Growth+10.5% over 2 years
Retirees25% of residentsabove average nationally
Homeowners88% of occupied units
NotableVeteran Community9% of residents · top 22% nationally
Drasco
AR

Frequently Asked Questions

What are today's mortgage rates in Drasco?

As of today, the 30-year fixed mortgage rate for Drasco is approximately 6.987% (7.029% 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 Drasco?

The median home value in Drasco is $118k. The median monthly rent is $939. Annual property taxes average $674. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Drasco?

Home values in Drasco 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 Drasco?

Based on a typical all-in ownership cost of $537/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 Drasco is $61k/year.

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What industries drive the economy in Drasco?

The largest employment sectors in Drasco are public administration (20%) and wholesale trade (15%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.