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Parkers Chapel

Learn about the people, housing, costs and businesses in Parkers Chapel, Arkansas

Median Home$326,337
Median Rent$1,318/month
Population142,975
Leading IndustriesHealthcare · Transportation · Manufacturing12% healthcare
Home Value Growth⬆⬆+16.0% over 2 years
Young Adults32% of residentswell above average
Homeowners58% of occupied units
Parkers Chapel
AR

Frequently Asked Questions

What are today's mortgage rates in Parkers Chapel?

As of today, the 30-year fixed mortgage rate for Parkers Chapel is approximately 6.890% (6.926% 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 Parkers Chapel?

The median home value in Parkers Chapel is $326k. The median monthly rent is $1,318. Annual property taxes average $4k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Parkers Chapel?

Home values in Parkers Chapel have increased 16.0% 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 Parkers Chapel?

Based on a typical all-in ownership cost of $1,352/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $58k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Parkers Chapel is $75k/year.

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What industries drive the economy in Parkers Chapel?

The largest employment sectors in Parkers Chapel are public administration (23%) and healthcare (12%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.