Quick facts: Wynne, AR

Quick Facts

92.7
Cost of Living
below US average
8,208
Population
45.69
Crime Rate per 1000
above US average
$39,280
Median Income
below US average
$175,000
Median House Price
above US average
$1006.25
Average Rent
below US average
20%
Poverty Rate
above US average
4.5%
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 $39,280.

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Income Needed to Buy

βœ— Stretch
$55k/year
Based on $175,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $55k vs median $39,280
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Income Needed to Rent

⚠ Stretch
$43k/year
Based on $1006.25/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $43k vs median $39,280
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Wynne, AR

Wynne is a charming city located in Cross County, Arkansas. With a population of around 8,000 residents, it offers a tight-knit community feel, enhanced by the picturesque landscapes of the Arkansas Delta. Wynne is well-known for its rich agricultural heritage, particularly in cotton farming, which has been a vital part of its economy and culture. The city boasts several parks, including the popular Wynne City Park, which features playgrounds, picnic areas, and walking trails, making it a great spot for families and outdoor enthusiasts. Wynne is also home to various annual events that celebrate its community spirit, such as the annual Wynne Christmas Parade. Wynne's historical charm is reflected in its downtown area, where visitors can find unique shops and local eateries. The city is conveniently located about 50 miles northwest of Memphis, Tennessee, providing residents with easy access to urban amenities while enjoying small-town living. Education is supported by the Wynne School District, which is committed to providing quality learning experiences for its students. Overall, Wynne is a welcoming city with a blend of rural beauty and community vibrancy.

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