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Faulkner County

Learn about the people, housing, costs and businesses in Faulkner County County

Median Home$237,550
Median Rent$1,064/month
Population127,717
Leading IndustriesPublic Administration · Arts, Food & Hospitality · Professional Services28% public administration
Home Value Growth⬆⬆+15.6% over 2 years
Young Adults35% of residentstop 5% nationally
Homeowners62% of occupied units
NotableHighly Educated21% bachelor's · 10% graduate · top 18% nationally
Faulkner County
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Frequently Asked Questions

What are today's mortgage rates in Faulkner County?

As of today, the 30-year fixed mortgage rate for Faulkner County is approximately 7.093% (7.121% 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 Faulkner County?

The median home value in Faulkner County is $238k. The median monthly rent is $1,064. Annual property taxes average $1k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Faulkner County?

Home values in Faulkner County have increased 15.6% 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 Faulkner County?

Based on a typical all-in ownership cost of $1,058/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $45k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Faulkner County is $69k/year.

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What industries drive the economy in Faulkner County?

The largest employment sectors in Faulkner County are public administration (28%) and healthcare (11%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.

🗺️ Nearby Areas

Adjacent counties and areas