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Mitchellville

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

Median Home$95,400
Median Rent$715/month
Population258
Leading IndustriesConstruction · Agriculture & Mining · Retail15% construction
Home Value Growth⬆⬆⬆+26.2% over 2 years
Family-Friendly26% of residentsabove average nationally
Homeowners59% of occupied units
NotableAffordable Market$95k median home · lower cost than 93% of the country
Mitchellville
AR

Frequently Asked Questions

What are today's mortgage rates in Mitchellville?

As of today, the 30-year fixed mortgage rate for Mitchellville is approximately 6.992% (7.035% 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 Mitchellville?

The median home value in Mitchellville is $95k. The median monthly rent is $715. Annual property taxes average $505. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Mitchellville?

Home values in Mitchellville have increased 26.2% 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 Mitchellville?

Based on a typical all-in ownership cost of $540/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $23k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Mitchellville is $40k/year.

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What industries drive the economy in Mitchellville?

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