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Ola

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

Median Home$110,600
Median Rent$595/month
Population967
Leading IndustriesProfessional Services · Finance & Insurance · Education2% professional services
Home Value Growth⬆⬆+18.5% over 2 years
Young Adults37% of residentstop 4% nationally
Homeowners56% of occupied units
NotableAffordable Market$111k median home · lower cost than 88% of the country
NotableHighly Educated24% hold a bachelor's degree · top 21% nationally
Ola
AR

Frequently Asked Questions

What are today's mortgage rates in Ola?

As of today, the 30-year fixed mortgage rate for Ola is approximately 6.867% (6.902% 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 Ola?

The median home value in Ola is $111k. The median monthly rent is $595. Annual property taxes average $400. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Ola?

Home values in Ola have increased 18.5% 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 Ola?

Based on a typical all-in ownership cost of $566/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $24k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Ola is $45k/year.

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What industries drive the economy in Ola?

The largest employment sectors in Ola are public administration (23%) and healthcare (11%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.