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Lake Hamilton

Learn about the people, housing, costs and businesses in Lake Hamilton, Arkansas

Median Home$367,307
Median Rent$1,000/month
Population2,070
Leading IndustriesProfessional Services · Arts, Food & Hospitality · Healthcare4% professional services
Home Value Growth⬆⬆⬆+23.2% over 2 years
Retirees46% of residentstop 1% nationally
Homeowners72% of occupied units
NotableHighly Educated25% bachelor's · 15% graduate · top 18% nationally
NotableVeteran Community9% of residents · top 22% nationally
Lake Hamilton
AR

Frequently Asked Questions

What are today's mortgage rates in Lake Hamilton?

As of today, the 30-year fixed mortgage rate for Lake Hamilton is approximately 6.909% (6.946% 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 Lake Hamilton?

The median home value in Lake Hamilton is $367k. The median monthly rent is $1,000. Annual property taxes average $2k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Lake Hamilton?

Home values in Lake Hamilton have increased 23.2% 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 Lake Hamilton?

Based on a typical all-in ownership cost of $1,081/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $46k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Lake Hamilton is $74k/year.

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What industries drive the economy in Lake Hamilton?

The largest employment sectors in Lake Hamilton are public administration (27%) and healthcare (17%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.