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Hamburg

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

Median Home$166,502
Median Rent$796/month
Population13,100
Leading IndustriesConstruction · Agriculture & Mining · Information & Media14% construction
Home Value Growth+2.8% over 2 years
Retirees24% of residentsabove average nationally
Homeowners77% of occupied units
NotableAffordable Market$167k median home · lower cost than 76% of the country
Hamburg
AR

Frequently Asked Questions

What are today's mortgage rates in Hamburg?

As of today, the 30-year fixed mortgage rate for Hamburg is approximately 6.955% (6.993% 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 Hamburg?

The median home value in Hamburg is $167k. The median monthly rent is $796. Annual property taxes average $1k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Hamburg?

Home values in Hamburg have increased 2.8% over the past two years. The market has been relatively stable. 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 Hamburg?

Based on a typical all-in ownership cost of $715/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $31k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Hamburg is $57k/year.

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What industries drive the economy in Hamburg?

The largest employment sectors in Hamburg are public administration (20%) and agriculture and mining (14%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.