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Lafe

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

Median Home$161,400
Median Rent$1,008/month
Population410
Leading IndustriesRetail · Professional Services · Wholesale Trade25% retail
Home Value Growth⬆⬆+19.3% over 2 years
Family-Friendly24% of residentsslightly above average
Homeowners86% of occupied units
Lafe
AR

Frequently Asked Questions

What are today's mortgage rates in Lafe?

As of today, the 30-year fixed mortgage rate for Lafe is approximately 6.992% (7.035% 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 Lafe?

The median home value in Lafe is $161k. The median monthly rent is $1,008. Annual property taxes average $635. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Lafe?

Home values in Lafe have increased 19.3% 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 Lafe?

Based on a typical all-in ownership cost of $767/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $33k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Lafe is $61k/year.

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What industries drive the economy in Lafe?

The largest employment sectors in Lafe are retail (25%) and public administration (21%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.