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Whelen Springs

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

Median Home$137,400
Median Rent$702/month
Population42
Leading IndustriesWholesale Trade · Transportation · Education13% wholesale trade
Home Value Growth⬆⬆+15.7% over 2 years
Young Adults31% of residentsabove average nationally
Homeowners70% of occupied units
NotableHighly Educated28% hold a bachelor's degree · top 12% nationally
NotableAffordable Market$137k median home · lower cost than 79% of the country
Whelen Springs
AR

Frequently Asked Questions

What are today's mortgage rates in Whelen Springs?

As of today, the 30-year fixed mortgage rate for Whelen Springs is approximately 6.899% (6.935% 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 Whelen Springs?

The median home value in Whelen Springs is $137k. The median monthly rent is $702. Annual property taxes average $538. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Whelen Springs?

Home values in Whelen Springs have increased 15.7% 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 Whelen Springs?

Based on a typical all-in ownership cost of $653/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $28k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Whelen Springs is $49k/year.

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What industries drive the economy in Whelen Springs?

The largest employment sectors in Whelen Springs are public administration (25%) and wholesale trade (13%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.