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Western Grove

Learn about the people, housing, costs and businesses in Western Grove, Arkansas

Median Home$186,800
Median Rent$638/month
Population362
Leading IndustriesTransportation · Finance & Insurance · Information & Media6% transportation
Home Value Growth⬆⬆⬆+45.3% over 2 years
Young Adults30% of residentsabove average nationally
Homeowners77% of occupied units
Western Grove
AR

Frequently Asked Questions

What are today's mortgage rates in Western Grove?

As of today, the 30-year fixed mortgage rate for Western Grove is approximately 6.952% (6.990% 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 Western Grove?

The median home value in Western Grove is $187k. The median monthly rent is $638. Annual property taxes average $796. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Western Grove?

Home values in Western Grove have increased 45.3% 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 Western Grove?

Based on a typical all-in ownership cost of $635/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $27k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Western Grove is $61k/year.

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What industries drive the economy in Western Grove?

The largest employment sectors in Western Grove are public administration (20%) and retail (11%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.