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Reader

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

Median Home$99,811
Median Rent$589/month
Population39
Leading IndustriesWholesale Trade · Education10% wholesale trade
Home Value Growth⬆⬆+14.4% over 2 years
Young Adults23% of residents
Homeowners82% of occupied units
NotableAffordable Market$100k median home · lower cost than 92% of the country
NotableVeteran Community9% of residents · top 22% nationally
Reader
AR

Frequently Asked Questions

What are today's mortgage rates in Reader?

As of today, the 30-year fixed mortgage rate for Reader is approximately 6.868% (6.903% 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 Reader?

The median home value in Reader is $100k. The median monthly rent is $589. Annual property taxes average $451. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Reader?

Home values in Reader have increased 14.4% 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 Reader?

Based on a typical all-in ownership cost of $615/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $26k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Reader is $51k/year.

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What industries drive the economy in Reader?

The largest employment sectors in Reader are public administration (24%) and wholesale trade (10%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.