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Parkin

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

Median Home$46,500
Median Rent$525/month
Population659
Leading IndustriesFinance & Insurance · Information & Media · Construction11% finance & insurance
Home Value Growth⬆⬆+18.7% over 2 years
Retirees26% of residentsabove average nationally
Homeowners61% of occupied units
NotableAffordable Market$47k median home · lower cost than 100% of the country
NotableTransit84/100 · excellent transit access
Parkin
AR

Frequently Asked Questions

What are today's mortgage rates in Parkin?

As of today, the 30-year fixed mortgage rate for Parkin is approximately 6.982% (7.021% 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 Parkin?

The median home value in Parkin is $47k. The median monthly rent is $525. Annual property taxes average $199. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Parkin?

Home values in Parkin have increased 18.7% 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 Parkin?

Based on a typical all-in ownership cost of $447/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $19k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Parkin is $27k/year.

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What industries drive the economy in Parkin?

The largest employment sectors in Parkin are public administration (22%) and retail (12%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.