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Genoa

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

Median Home$166,073
Median Rent$750/month
Population963
Leading IndustriesInformation & Media · Retail · Finance & Insurance12% information & media
Home Value Growth⬆⬆+12.5% over 2 years
Retirees24% of residentsslightly above average
Homeowners83% of occupied units
NotableAffordable Market$166k median home · lower cost than 67% of the country
Genoa
AR

Frequently Asked Questions

What are today's mortgage rates in Genoa?

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

The median home value in Genoa is $166k. The median monthly rent is $750. Annual property taxes average $917. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Genoa?

Home values in Genoa have increased 12.5% 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 Genoa?

Based on a typical all-in ownership cost of $751/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $32k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Genoa is $52k/year.

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What industries drive the economy in Genoa?

The largest employment sectors in Genoa are retail (22%) and public administration (19%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.