Get & compare mortgage quotes anonymously Start in My Home

Safe Rate Local

Siloam Springs

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

Median Home$223,596
Median Rent$988/month
Population18,399
Leading IndustryRetail18% of local workforce
Home Value Growth⬆⬆+14.8% over 2 years
Young Adults32% of residentsabove average nationally
Homeowners62% of occupied units
NotableAmenity Score69/100 · highly walkable area
Siloam Springs
AR

Frequently Asked Questions

What are today's mortgage rates in Siloam Springs?

As of today, the 30-year fixed mortgage rate for Siloam Springs is approximately 6.999% (7.039% 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 Siloam Springs
What is the median home price in Siloam Springs?

The median home value in Siloam Springs is $224k. The median monthly rent is $988. Annual property taxes average $1k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Siloam Springs?

Home values in Siloam Springs have increased 14.8% 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 Siloam Springs?

Based on a typical all-in ownership cost of $1,016/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $44k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Siloam Springs is $73k/year.

Calculate your buying power
What industries drive the economy in Siloam Springs?

The largest employment sectors in Siloam Springs are public administration (21%) and retail (18%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.