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West Memphis

Learn about the people, housing, costs and businesses in West Memphis, Arkansas

Median Home$104,131
Median Rent$892/month
Population24,163
Leading IndustriesTransportation · Retail · Finance & Insurance3% transportation
Home Value Growth+7.3% over 2 years
Family-Friendly24% of residentsslightly above average
Renters51% of occupied units
West Memphis
AR

Frequently Asked Questions

What are today's mortgage rates in West Memphis?

As of today, the 30-year fixed mortgage rate for West Memphis is approximately 6.982% (7.021% 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 West Memphis?

The median home value in West Memphis is $104k. The median monthly rent is $892. Annual property taxes average $521. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in West Memphis?

Home values in West Memphis have increased 7.3% over the past two years. This represents moderate growth. 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 West Memphis?

Based on a typical all-in ownership cost of $789/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $34k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in West Memphis is $41k/year.

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What industries drive the economy in West Memphis?

The largest employment sectors in West Memphis are public administration (22%) and retail (15%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.