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Norphlet

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

Median Home$141,000
Median Rent$635/month
Population670
Leading IndustriesManufacturing · Retail · Healthcare3% manufacturing
Home Value Growth⬆⬆⬆+30.0% over 2 years
Retirees24% of residentsslightly above average
Homeowners81% of occupied units
NotableAffordable Market$141k median home · lower cost than 77% of the country
Norphlet
AR

Frequently Asked Questions

What are today's mortgage rates in Norphlet?

As of today, the 30-year fixed mortgage rate for Norphlet is approximately 6.957% (6.998% 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 Norphlet?

The median home value in Norphlet is $141k. The median monthly rent is $635. Annual property taxes average $642. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Norphlet?

Home values in Norphlet have increased 30.0% 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 Norphlet?

Based on a typical all-in ownership cost of $582/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 Norphlet is $51k/year.

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What industries drive the economy in Norphlet?

The largest employment sectors in Norphlet are public administration (21%) and retail (15%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.