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Ravenden Springs

Learn about the people, housing, costs and businesses in Ravenden Springs, Arkansas

Median Home$118,200
Median Rent$543/month
Population127
Leading IndustriesManufacturing · Agriculture & Mining8% manufacturing
Home Value Growth+7.1% over 2 years
Family-Friendly29% of residentswell above average
Homeowners93% of occupied units
NotableAffordable Market$118k median home · lower cost than 85% of the country
Ravenden Springs
AR

Explore Ravenden Springs

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

Frequently Asked Questions

What are today's mortgage rates in Ravenden Springs?

As of today, the 30-year fixed mortgage rate for Ravenden Springs is approximately 6.997% (7.037% 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 Ravenden Springs?

The median home value in Ravenden Springs is $118k. The median monthly rent is $543. Annual property taxes average $669. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Ravenden Springs?

Home values in Ravenden Springs have increased 7.1% over the past two years. This represents moderate growth. 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 Ravenden Springs?

Based on a typical all-in ownership cost of $471/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $20k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Ravenden Springs is $73k/year.

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What industries drive the economy in Ravenden Springs?

The largest employment sectors in Ravenden Springs are public administration (17%) and agriculture and mining (9%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.