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Morrow

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

Median Home$197,200
Median Rent$831/month
Population296
Leading IndustriesWholesale Trade · Construction · Agriculture & Mining13% wholesale trade
Home Value Growth⬆⬆+14.0% over 2 years
Retirees23% of residentsslightly above average
Homeowners86% of occupied units
NotableVeteran Community9% of residents · top 22% nationally
Morrow
AR

Frequently Asked Questions

What are today's mortgage rates in Morrow?

As of today, the 30-year fixed mortgage rate for Morrow 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 Morrow?

The median home value in Morrow is $197k. The median monthly rent is $831. Annual property taxes average $762. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Morrow?

Home values in Morrow have increased 14.0% 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 Morrow?

Based on a typical all-in ownership cost of $580/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $25k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Morrow is $54k/year.

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What industries drive the economy in Morrow?

The largest employment sectors in Morrow are public administration (24%) and retail (16%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.