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Wilmar

Learn about the people, housing, costs and businesses in Wilmar, Arkansas

Median Home$176,500
Median Rent$876/month
Population410
Leading IndustriesWholesale Trade · Retail · Construction12% wholesale trade
Home Value Growth⬆⬆⬆+42.2% over 2 years
Family-Friendly27% of residentsabove average nationally
Homeowners86% of occupied units
Wilmar
AR

Frequently Asked Questions

What are today's mortgage rates in Wilmar?

As of today, the 30-year fixed mortgage rate for Wilmar is approximately 7.004% (7.044% 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 Wilmar?

The median home value in Wilmar is $177k. The median monthly rent is $876. Annual property taxes average $734. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Wilmar?

Home values in Wilmar have increased 42.2% 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 Wilmar?

Based on a typical all-in ownership cost of $582/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $25k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Wilmar is $56k/year.

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What industries drive the economy in Wilmar?

The largest employment sectors in Wilmar are public administration (19%) and retail (18%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.