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Norfork

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

Median Home$148,100
Median Rent$753/month
Population496
Leading IndustriesHealthcare · Arts, Food & Hospitality · Professional Services21% healthcare
Home Value Growth+7.9% over 2 years
Young Adults39% of residentstop 3% nationally
Homeowners83% of occupied units
NotableHighly Educated24% bachelor's · 18% graduate · top 21% nationally
NotableAffordable Market$148k median home · lower cost than 75% of the country
Norfork
AR

Frequently Asked Questions

What are today's mortgage rates in Norfork?

As of today, the 30-year fixed mortgage rate for Norfork is approximately 6.844% (6.878% 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 Norfork?

The median home value in Norfork is $148k. The median monthly rent is $753. Annual property taxes average $645. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Norfork?

Home values in Norfork have increased 7.9% over the past two years. This represents moderate growth. 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 Norfork?

Based on a typical all-in ownership cost of $578/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 Norfork is $46k/year.

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What industries drive the economy in Norfork?

The largest employment sectors in Norfork are healthcare (21%) and public administration (20%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.