Quick facts: Newport, AR

Quick Facts

92.7
Cost of Living
below US average
7,967
Population
57.99
Crime Rate per 1000
above US average
$32,440
Median Income
below US average
$124,900
Median House Price
above US average
$782.3
Average Rent
below US average
18%
Poverty Rate
above US average
4.2%
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 $32,440.

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Income Needed to Buy

βœ— Stretch
$39k/year
Based on $124,900 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $39k vs median $32,440
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Income Needed to Rent

⚠ Stretch
$34k/year
Based on $782.3/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $34k vs median $32,440
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Newport, AR

Newport, Arkansas, located in Jackson County, serves as a charming small town with a rich history and a strong sense of community. Positioned along the banks of the White River, Newport is known for its picturesque scenery and outdoor recreational opportunities, including fishing, boating, and hiking. The town boasts a population of approximately 7,500 residents, fostering a friendly, close-knit atmosphere. Culturally, Newport is recognized for its vibrant arts scene, with local festivals and events that showcase the talents of its residents. The annual Newport Bluegrass Festival attracts music lovers from across the region. Educationally, Newport is served by the Newport School District, providing quality education for its youth. Economically, the town has a mix of local businesses, agriculture, and light manufacturing, contributing to its economic stability. Newport's historic downtown area features unique shops and eateries, inviting visitors to explore the town's charm. With its warm community spirit and abundant natural beauty, Newport provides a delightful experience for residents and visitors alike.

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