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Watson Chapel

Learn about the people, housing, costs and businesses in Watson Chapel, Arkansas

Median Home$119,375
Median Rent$915/month
Population16,594
Leading IndustriesRetail · Finance & Insurance · Information & Media20% retail
Home Value Growth⬆⬆+16.9% over 2 years
Family-Friendly24% of residentsslightly above average
Homeowners72% of occupied units
NotableAffordable Market$119k median home · lower cost than 93% of the country
Watson Chapel
AR

Frequently Asked Questions

What are today's mortgage rates in Watson Chapel?

As of today, the 30-year fixed mortgage rate for Watson Chapel is approximately 7.203% (7.251% 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 Watson Chapel?

The median home value in Watson Chapel is $119k. The median monthly rent is $915. Annual property taxes average $800. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Watson Chapel?

Home values in Watson Chapel have increased 16.9% 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 Watson Chapel?

Based on a typical all-in ownership cost of $814/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 Watson Chapel is $55k/year.

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What industries drive the economy in Watson Chapel?

The largest employment sectors in Watson Chapel are public administration (25%) and retail (20%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.