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Palestine-Wheatley

Learn about the people, housing, costs and businesses in Palestine-Wheatley, Arkansas

Median Home$240,389
Median Rent$1,217/month
Population14,678
Leading IndustriesConstruction · Agriculture & Mining · Transportation10% construction
Home Value Growth⬆⬆+11.3% over 2 years
Family-Friendly32% of residentstop 1% nationally
Homeowners54% of occupied units
NotableVeteran Community9% of residents · top 15% nationally
Palestine-Wheatley
AR

Explore Palestine-Wheatley

Real local data across mortgage, insurance, natural hazard, and place.

Frequently Asked Questions

What are today's mortgage rates in Palestine-Wheatley?

As of today, the 30-year fixed mortgage rate for Palestine-Wheatley is approximately 6.910% (6.947% 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 Palestine-Wheatley?

The median home value in Palestine-Wheatley is $240k. The median monthly rent is $1,217. Annual property taxes average $2k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Palestine-Wheatley?

Home values in Palestine-Wheatley have increased 11.3% 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 Palestine-Wheatley?

Based on a typical all-in ownership cost of $1,226/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $53k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Palestine-Wheatley is $61k/year.

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What industries drive the economy in Palestine-Wheatley?

The largest employment sectors in Palestine-Wheatley are public administration (25%) and agriculture and mining (10%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.