Quick facts: Forrest city, AR

Quick Facts

92.7
Cost of Living
below US average
12,676
Population
63.19
Crime Rate per 1000
above US average
$36,368
Median Income
below US average
$110,000
Median House Price
above US average
$1228
Average Rent
below US average
20%
Poverty Rate
above US average
6.5%
Unemployment Rate
above 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 $36,368.

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Income Needed to Buy

βœ“ Affordable
$35k/year
Based on $110,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
πŸ“Š Median income ($36,368) exceeds requirement
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Income Needed to Rent

⚠ Stretch
$53k/year
Based on $1228/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $53k vs median $36,368
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Forrest city, AR

Forrest City is a small city located in St. Francis County, Arkansas, with a rich history and vibrant community. Situated approximately 45 miles west of Memphis, Tennessee, it serves as a hub for the local agricultural market and showcases the charm of rural southern living. The city is named after its founder, John Forrest, and is known for its cotton production and industrial activities. The downtown area features historic buildings, local shops, and eateries that reflect the community's heritage. Forrest City hosts several annual events, celebrating its culture and history, like the Great Arkansas Delta Race and the Arkansas Cotton Festival, drawing visitors from surrounding areas. Outdoor enthusiasts can enjoy the nearby St. Francis National Forest, which offers recreational opportunities such as hiking, biking, and wildlife observation. The city also provides amenities like parks and sports facilities, making it suitable for families. Notable for its welcoming atmosphere, Forrest City embodies southern hospitality, blending history with the charm of small-town life.

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