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Hector

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

Median Home$96,183
Median Rent$608/month
Population419
Leading IndustryRetail15% of local workforce
Home Value Growth+6.8% over 2 years
Young Adults28% of residentsnear the national average
Homeowners80% of occupied units
NotableAffordable Market$96k median home · lower cost than 93% of the country
NotableVeteran Community9% of residents · top 22% nationally
Hector
AR

Frequently Asked Questions

What are today's mortgage rates in Hector?

As of today, the 30-year fixed mortgage rate for Hector is approximately 6.968% (7.007% 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 Hector?

The median home value in Hector is $96k. The median monthly rent is $608. Annual property taxes average $749. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Hector?

Home values in Hector have increased 6.8% 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 Hector?

Based on a typical all-in ownership cost of $501/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $21k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Hector is $46k/year.

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What industries drive the economy in Hector?

The largest employment sectors in Hector are public administration (23%) and retail (15%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.