Quick facts: Fairfield bay, AR

Quick Facts

92.7
Cost of Living
below US average
2,152
Population
24.16
Crime Rate per 1000
above US average
$58,750
Median Income
below US average
$15,000
Median House Price
above US average
$800.0
Average Rent
below US average
Poverty rate Data is updating, will be available soon
3.5%
Unemployment Rate
below US average

πŸ’΅ Affordability Calculator

Based on the 28/36 rule: housing costs should not exceed 28% of your gross income. Compared against local median income of $58,750.

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Income Needed to Buy

βœ“ Affordable
$5k/year
Based on $15,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
πŸ“Š Median income ($58,750) exceeds requirement
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Income Needed to Rent

βœ“ Affordable
$34k/year
Based on $800.0/month average rent
Annual income where rent = 28% of gross
πŸ“Š Median income ($58,750) exceeds requirement
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Fairfield bay, AR

Fairfield Bay is a picturesque community located in Van Buren County, Arkansas, situated along the shores of Greers Ferry Lake. Known for its serene environment and outdoor recreational activities, the town presents a blend of natural beauty and small-town charm. Outdoor enthusiasts can enjoy fishing, boating, hiking, and golfing at the local courses, while the nearby Ozark National Forest offers numerous trails and stunning vistas. Fairfield Bay features a range of amenities, including parks, dining options, and community events that foster a close-knit atmosphere among residents. The community is also home to the Fairfield Bay Resort, which offers vacation rentals, amenities, and activities for visitors. The area has a relaxed pace of life, making it an attractive destination for retirees and those seeking a peaceful retreat. With its scenic landscapes and recreational opportunities, Fairfield Bay serves as a hidden gem in Arkansas for both residents and tourists alike.

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