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Oil Trough

Learn about the people, housing, costs and businesses in Oil Trough, Arkansas

Median Home$99,600
Median Rent$837/month
Population230
Leading IndustriesPublic Administration · Professional Services31% public administration
Home Value Growth+7.8% over 2 years
Young Adults33% of residentswell above average
Homeowners85% of occupied units
NotableAffordable Market$100k median home · lower cost than 92% of the country
Oil Trough
AR

Frequently Asked Questions

What are today's mortgage rates in Oil Trough?

As of today, the 30-year fixed mortgage rate for Oil Trough is approximately 6.909% (6.946% 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 Oil Trough?

The median home value in Oil Trough is $100k. The median monthly rent is $837. Annual property taxes average $590. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Oil Trough?

Home values in Oil Trough have increased 7.8% 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 Oil Trough?

Based on a typical all-in ownership cost of $803/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $34k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Oil Trough is $61k/year.

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What industries drive the economy in Oil Trough?

The largest employment sectors in Oil Trough are public administration (31%) and healthcare (7%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.