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Louann

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

Median Home$84,300
Median Rent$770/month
Population136
Leading IndustriesProfessional Services · Finance & Insurance · Information & Media5% professional services
Home Value Growth+3.3% over 2 years
Retirees27% of residentsabove average nationally
Homeowners92% of occupied units
NotableAffordable Market$84k median home · lower cost than 96% of the country
Louann
AR

Frequently Asked Questions

What are today's mortgage rates in Louann?

As of today, the 30-year fixed mortgage rate for Louann is approximately 7.088% (7.134% 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 Louann?

The median home value in Louann is $84k. The median monthly rent is $770. Annual property taxes average $418. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Louann?

Home values in Louann have increased 3.3% 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 Louann?

Based on a typical all-in ownership cost of $443/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $19k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Louann is $43k/year.

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What industries drive the economy in Louann?

The largest employment sectors in Louann are retail (20%) and public administration (18%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.