Quick facts: Alma, AR

Quick Facts

92.7
Cost of Living
below US average
5,903
Population
44.55
Crime Rate per 1000
above US average
$46,273
Median Income
below US average
$306,000
Median House Price
above US average
$1176.67
Average Rent
below US average
11%
Poverty Rate
above US average
3.5%
Unemployment Rate
below 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 $46,273.

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Income Needed to Buy

βœ— Stretch
$96k/year
Based on $306,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $96k vs median $46,273
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Income Needed to Rent

⚠ Stretch
$50k/year
Based on $1176.67/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $50k vs median $46,273
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Alma, AR

Alma is a small city located in Crawford County in the northwest region of Arkansas. It is part of the Fort Smith metropolitan area and sits along the Arkansas River, offering scenic views and a charming, rural atmosphere. Known as the "Pineapple Capital of the World," Alma has a rich agricultural heritage, particularly in the production of pineapples, which reflects its historical significance in farming. The city is home to several parks and recreational facilities, including the popular Alma Sports Complex, which features sports fields, walking trails, and picnic areas. Alma’s community spirit is evident in its various local festivals and events, such as the annual Alma Watermelon Festival, which draws visitors from surrounding areas. With a population of just over 5,000 residents, Alma offers a close-knit community feel while being conveniently located near larger cities like Fort Smith, providing access to additional amenities. The area benefits from a mild climate, making it favorable for outdoor activities. Alma combines a rich history and community-focused living with the advantages of nearby urban resources.

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