Quick facts: Garfield, AR

Quick Facts

92.7
Cost of Living
below US average
607
Population
19.77
Crime Rate per 1000
below US average
$66,667
Median Income
below US average
$365,000
Median House Price
above US average
$7145.0
Average Rent
above US average
8%
Poverty Rate
below US average
3.2%
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 $66,667.

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Income Needed to Buy

βœ— Stretch
$115k/year
Based on $365,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $115k vs median $66,667
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Income Needed to Rent

⚠ Stretch
$306k/year
Based on $7145.0/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $306k vs median $66,667
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Garfield, AR

Garfield, Arkansas is a small town located in Benton County, nestled in the picturesque Ozark Mountains. With a population of just around 1,000 residents, it boasts a tight-knit community atmosphere. The town is conveniently situated near larger cities such as Rogers and Bentonville, providing easy access to urban amenities while maintaining a tranquil rural lifestyle. Garfield is known for its scenic beauty, with numerous outdoor recreational opportunities available. The nearby Ozark National Forest offers hiking, camping, fishing, and breathtaking views, making it an ideal spot for nature lovers. The town's location also facilitates access to Beaver Lake, which is popular for boating and water sports. In terms of local culture, the community hosts various events and festivals throughout the year, promoting local arts and crafts. The economy is primarily driven by agriculture and tourism, with an increasing number of visitors attracted by the stunning landscapes and recreational activities. Garfield's friendly residents and peaceful surroundings make it a unique destination for those seeking a slower pace of life while still being close to larger urban centers.

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