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OKean

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

Median Home$124,400
Median Rent$651/month
Population203
Leading IndustriesConstruction · Agriculture & Mining · Transportation10% construction
Home Value Growth⬆⬆⬆+40.2% over 2 years
Young Adults31% of residentsabove average nationally
Homeowners79% of occupied units
NotableAffordable Market$124k median home · lower cost than 82% of the country
OKean
AR

Frequently Asked Questions

What are today's mortgage rates in OKean?

As of today, the 30-year fixed mortgage rate for OKean is approximately 6.970% (7.012% 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 OKean?

The median home value in OKean is $124k. The median monthly rent is $651. Annual property taxes average $387. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in OKean?

Home values in OKean have increased 40.2% 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 OKean?

Based on a typical all-in ownership cost of $590/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 OKean is $45k/year.

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What industries drive the economy in OKean?

The largest employment sectors in OKean are public administration (30%) and agriculture and mining (11%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.