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Letona

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

Median Home$148,100
Median Rent$758/month
Population275
Leading IndustryTransportation3% of local workforce
Home Value Growth⬆⬆+16.9% over 2 years
Young Adults25% of residents
Homeowners85% of occupied units
NotableVeteran Community17% of residents · top 1% nationally
NotableAffordable Market$148k median home · lower cost than 75% of the country
Letona
AR

Frequently Asked Questions

What are today's mortgage rates in Letona?

As of today, the 30-year fixed mortgage rate for Letona is approximately 6.862% (6.897% 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 Letona?

The median home value in Letona is $148k. The median monthly rent is $758. Annual property taxes average $620. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Letona?

Home values in Letona have increased 16.9% 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 Letona?

Based on a typical all-in ownership cost of $698/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $30k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Letona is $59k/year.

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What industries drive the economy in Letona?

The largest employment sectors in Letona are public administration (20%) and retail (11%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.