Quick facts: West helena, AR

Quick Facts

92.7
Cost of Living
below US average
8,689
Population
137.3
Crime Rate per 1000
above US average
$38,500
Median Income
below US average
$49,900
Median House Price
above US average
$1228
Average Rent
below US average
26%
Poverty Rate
above US average
5.1%
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 $38,500.

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Income Needed to Buy

βœ“ Affordable
$16k/year
Based on $49,900 median home price
Assumes 30-year mortgage at 7% with 20% down payment
πŸ“Š Median income ($38,500) 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 $38,500
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for West helena, AR

West Helena is a small city in Phillips County, Arkansas, located along the Mississippi River. Known for its rich history, West Helena was once a thriving riverboat town in the late 19th century. The city is characterized by its charming southern landscapes, with historical buildings and a close-knit community atmosphere. West Helena offers several parks and recreational facilities, providing residents and visitors with opportunities for outdoor activities. The nearby Mississippi River also allows for fishing, boating, and exploring the natural beauty of the region. The city hosts events throughout the year, celebrating its local culture and traditions. Economically, West Helena has undergone challenges but is seeing resilience through community efforts and projects aimed at revitalization. It's also in proximity to larger cities like Helena-West Helena, which provides access to more extensive services and amenities. Overall, West Helena is a picturesque representation of small-town Arkansas, with a unique cultural heritage and a strong sense of community.

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