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Mineral Springs

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

Median Home$337,867
Median Rent$1,397/month
Population73,532
Leading IndustriesRetail · Transportation · Wholesale Trade17% retail
Home Value Growth⬆⬆+15.4% over 2 years
Young Adults26% of residents
Homeowners83% of occupied units
NotableHigh Incomes$99k/year · top 16% nationally
Mineral Springs
AR

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 6.901% (6.937% 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 $338k. The median monthly rent is $1,397. Annual property taxes average $4k. 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 15.4% 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 $1,466/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $63k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Mineral Springs is $99k/year.

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What industries drive the economy in Mineral Springs?

The largest employment sectors in Mineral Springs are public administration (21%) and retail (17%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.