Get & compare mortgage quotes anonymously Start in My Home

Safe Rate Local

Reed

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

Median Home$99,000
Median Rent$699/month
Population124
Leading IndustriesTransportation · Public Administration · Construction6% transportation
Home Value Growth-8.8% over 2 years
Family-Friendly28% of residentswell above average
Homeowners64% of occupied units
NotableAffordable Market$99k median home · lower cost than 92% of the country
Reed
AR

Frequently Asked Questions

What are today's mortgage rates in Reed?

As of today, the 30-year fixed mortgage rate for Reed is approximately 6.992% (7.035% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

View current rates for Reed
What is the median home price in Reed?

The median home value in Reed is $99k. The median monthly rent is $699. Annual property taxes average $653. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Reed?

Home values in Reed have decreased 8.8% over the past two years. Buyers may find more negotiating room in this market. 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 Reed?

Based on a typical all-in ownership cost of $769/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $33k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Reed is $44k/year.

Calculate your buying power
What industries drive the economy in Reed?

The largest employment sectors in Reed are public administration (31%) and retail (15%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.