Get & compare mortgage quotes anonymously Start in My Home

Safe Rate Local

Magnet Cove

Learn about the people, housing, costs and businesses in Magnet Cove, Arkansas

Median Home$154,600
Median Rent$778/month
Population597
Leading IndustriesEducation · Wholesale Trade · Public Administration4% education
Home Value Growth⬆⬆⬆+22.0% over 2 years
Retirees32% of residentstop 5% nationally
Homeowners87% of occupied units
NotableVeteran Community16% of residents · top 1% nationally
NotableHighly Educated25% bachelor's · 15% graduate · top 18% nationally
Magnet Cove
AR

Frequently Asked Questions

What are today's mortgage rates in Magnet Cove?

As of today, the 30-year fixed mortgage rate for Magnet Cove is approximately 6.906% (6.942% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

View current rates for Magnet Cove
What is the median home price in Magnet Cove?

The median home value in Magnet Cove is $155k. The median monthly rent is $778. Annual property taxes average $925. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Magnet Cove?

Home values in Magnet Cove have increased 22.0% 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 Magnet Cove?

Based on a typical all-in ownership cost of $786/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $34k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Magnet Cove is $57k/year.

Calculate your buying power
What industries drive the economy in Magnet Cove?

The largest employment sectors in Magnet Cove are public administration (28%) and wholesale trade (13%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.