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Patmos

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

Median Home$155,300
Median Rent$644/month
Population56
Leading IndustriesTransportation · Wholesale Trade · Finance & Insurance4% transportation
Home Value Growth⬆⬆⬆+32.9% over 2 years
Young Adults27% of residentsnear the national average
Homeowners85% of occupied units
NotableAffordable Market$155k median home · lower cost than 72% of the country
Patmos
AR

Frequently Asked Questions

What are today's mortgage rates in Patmos?

As of today, the 30-year fixed mortgage rate for Patmos is approximately 6.849% (6.883% 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 Patmos?

The median home value in Patmos is $155k. The median monthly rent is $644. Annual property taxes average $881. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Patmos?

Home values in Patmos have increased 32.9% 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 Patmos?

Based on a typical all-in ownership cost of $637/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $27k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Patmos is $58k/year.

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What industries drive the economy in Patmos?

The largest employment sectors in Patmos are public administration (18%) and healthcare (13%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.