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Salado

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

Median Home$115,400
Median Rent$840/month
Population446
Leading IndustriesEducation · Wholesale Trade · Retail3% education
Home Value Growth⬆⬆+14.9% over 2 years
Family-Friendly24% of residentsslightly above average
Homeowners61% of occupied units
NotableVeteran Community13% of residents · top 4% nationally
NotableAffordable Market$115k median home · lower cost than 86% of the country
Salado
AR

Frequently Asked Questions

What are today's mortgage rates in Salado?

As of today, the 30-year fixed mortgage rate for Salado is approximately 6.865% (6.900% 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 Salado?

The median home value in Salado is $115k. The median monthly rent is $840. Annual property taxes average $740. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Salado?

Home values in Salado have increased 14.9% 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 Salado?

Based on a typical all-in ownership cost of $807/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $35k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Salado is $52k/year.

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What industries drive the economy in Salado?

The largest employment sectors in Salado are public administration (20%) and retail (14%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.