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Gilmore

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

Median Home$70,400
Median Rent$761/month
Population223
Leading IndustriesEducation · Transportation · Professional Services3% education
Home Value Growth+3.5% over 2 years
Young Adults28% of residentsnear the national average
Homeowners85% of occupied units
NotableVeteran Community12% of residents · top 6% nationally
NotableAffordable Market$70k median home · lower cost than 98% of the country
Gilmore
AR

Frequently Asked Questions

What are today's mortgage rates in Gilmore?

As of today, the 30-year fixed mortgage rate for Gilmore is approximately 6.997% (7.037% 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 Gilmore?

The median home value in Gilmore is $70k. The median monthly rent is $761. Annual property taxes average $382. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Gilmore?

Home values in Gilmore have increased 3.5% 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 Gilmore?

Based on a typical all-in ownership cost of $601/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $26k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Gilmore is $71k/year.

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What industries drive the economy in Gilmore?

The largest employment sectors in Gilmore are public administration (19%) and wholesale trade (9%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.