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Horatio

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

Median Home$268,400
Median Rent$1,191/month
Population117,028
Leading IndustriesWholesale Trade · Manufacturing · Education10% wholesale trade
Home Value Growth⬆⬆+16.0% over 2 years
Young Adults28% of residentsnear the national average
Homeowners73% of occupied units
Horatio
AR

Frequently Asked Questions

What are today's mortgage rates in Horatio?

As of today, the 30-year fixed mortgage rate for Horatio is approximately 6.936% (6.973% 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 Horatio?

The median home value in Horatio is $268k. The median monthly rent is $1,191. Annual property taxes average $3k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Horatio?

Home values in Horatio have increased 16.0% 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 Horatio?

Based on a typical all-in ownership cost of $1,216/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $52k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Horatio is $78k/year.

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What industries drive the economy in Horatio?

The largest employment sectors in Horatio are public administration (23%) and retail (14%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.