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Wooster

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

Median Home$268,035
Median Rent$1,038/month
Population992
Leading IndustryArts, Food & Hospitality8% of local workforce
Home Value Growth⬆⬆+13.9% over 2 years
Retirees24% of residentsslightly above average
Homeowners91% of occupied units
NotableHighly Educated24% bachelor's · 13% graduate · top 21% nationally
NotableHigh Incomes$93k/year · top 22% nationally
Wooster
AR

Frequently Asked Questions

What are today's mortgage rates in Wooster?

As of today, the 30-year fixed mortgage rate for Wooster is approximately 6.891% (6.927% 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 Wooster?

The median home value in Wooster is $268k. The median monthly rent is $1,038. Annual property taxes average $1k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Wooster?

Home values in Wooster have increased 13.9% 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 Wooster?

Based on a typical all-in ownership cost of $1,098/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $47k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Wooster is $93k/year.

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What industries drive the economy in Wooster?

The largest employment sectors in Wooster are public administration (25%) and retail (11%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.