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Mineral Springs

Learn about the people, housing, costs and businesses in Mineral Springs, Arkansas

Median Home$154,400
Median Rent$818/month
Population1,121
Leading IndustriesRetail · Professional Services21% retail
Home Value Growth⬆⬆⬆+24.8% over 2 years
Young Adults32% of residentsabove average nationally
Homeowners77% of occupied units
NotableAffordable Market$154k median home · lower cost than 72% of the country
Mineral Springs
AR

Explore Mineral Springs

Real local data across mortgage, insurance, natural hazard, and place.

Frequently Asked Questions

What are today's mortgage rates in Mineral Springs?

As of today, the 30-year fixed mortgage rate for Mineral Springs is approximately 7.013% (7.053% 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 Mineral Springs?

The median home value in Mineral Springs is $154k. The median monthly rent is $818. Annual property taxes average $749. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Mineral Springs?

Home values in Mineral Springs have increased 24.8% 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 Mineral Springs?

Based on a typical all-in ownership cost of $701/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 Mineral Springs is $66k/year.

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What industries drive the economy in Mineral Springs?

The largest employment sectors in Mineral Springs are retail (21%) and public administration (18%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.