Quick facts: Texarkana, AR

Quick Facts

92.7
Cost of Living
below US average
29,306
Population
44.91
Crime Rate per 1000
above US average
$45,233
Median Income
below US average
$169,997
Median House Price
above US average
$871.5
Average Rent
below US average
15%
Poverty Rate
above US average
4.4%
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 $45,233.

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Income Needed to Buy

βœ— Stretch
$53k/year
Based on $169,997 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $53k vs median $45,233
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Income Needed to Rent

βœ“ Affordable
$37k/year
Based on $871.5/month average rent
Annual income where rent = 28% of gross
πŸ“Š Median income ($45,233) exceeds requirement
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Texarkana, AR

Texarkana is a unique city straddling the border between Texas and Arkansas, often celebrated for its distinctive twin-city dynamic. Located in Miller County, Arkansas, Texarkana serves a significant role as a commercial hub in the region. The city boasts a rich history with influences from both states, reflected in its architecture and cultural events. The downtown area features a blend of historic buildings and modern amenities, making it an attractive destination for locals and visitors alike. Texarkana is home to several parks and recreational areas, including the picturesque Bobby Ferguson Park, which offers trails, playgrounds, and sports facilities. The city is also known for its vibrant community events, notably the annual Four States Fair and Rodeo, which showcases local agriculture and culture. With a moderate climate, Texarkana enjoys four distinct seasons, making it a pleasant place for outdoor activities year-round. Educationally, Texarkana fosters learning with institutions like Texas A&M University-Texarkana and the University of Arkansas Community College. The quality of life in Texarkana is further enhanced by its affordable housing, making it an appealing place for families and individuals seeking a thriving community.

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