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West Memphis

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

Median Home$402,840
Median Rent$1,414/month
Population220,143
Leading IndustriesFinance & Insurance · Professional Services · Education6% finance & insurance
Home Value Growth+10.0% over 2 years
Family-Friendly25% of residentsabove average nationally
Homeowners68% of occupied units
NotableHigh Incomes$89k/year · top 26% nationally
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 6.858% (6.893% 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 $403k. The median monthly rent is $1,414. Annual property taxes average $3k. 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 10.0% 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 West Memphis?

Based on a typical all-in ownership cost of $1,524/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $65k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in West Memphis is $89k/year.

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What industries drive the economy in West Memphis?

The largest employment sectors in West Memphis are public administration (24%) and healthcare (11%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.