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Gravette

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

Median Home$277,508
Median Rent$1,305/month
Population3,879
Leading IndustriesManufacturing · Retail · Arts, Food & Hospitality3% manufacturing
Home Value Growth+9.7% over 2 years
Family-Friendly27% of residentsabove average nationally
Homeowners81% of occupied units
NotableVeteran Community10% of residents · top 14% nationally
Gravette
AR

Frequently Asked Questions

What are today's mortgage rates in Gravette?

As of today, the 30-year fixed mortgage rate for Gravette is approximately 6.880% (6.915% 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 Gravette?

The median home value in Gravette is $278k. The median monthly rent is $1,305. Annual property taxes average $1k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Gravette?

Home values in Gravette have increased 9.7% 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 Gravette?

Based on a typical all-in ownership cost of $999/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $43k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Gravette is $77k/year.

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What industries drive the economy in Gravette?

The largest employment sectors in Gravette are public administration (22%) and retail (17%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.