Quick facts: Lonsdale, AR

Quick Facts

92.7
Cost of Living
below US average
104
Population
115.38
Crime Rate per 1000
above US average
$63,224
Median Income
below US average
$52,000
Median House Price
above US average
$1228
Average Rent
below US average
15%
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 $63,224.

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Income Needed to Buy

βœ“ Affordable
$16k/year
Based on $52,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
πŸ“Š Median income ($63,224) exceeds requirement
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Income Needed to Rent

βœ“ Affordable
$53k/year
Based on $1228/month average rent
Annual income where rent = 28% of gross
πŸ“Š Median income ($63,224) exceeds requirement
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Lonsdale, AR

Lonsdale is a small, charming town located in Garland County, Arkansas, situated just a few miles south of the city of Hot Springs. With a population of around 600, it offers a tight-knit community atmosphere characterized by friendly residents and a slower pace of life. Surrounded by the beautiful natural landscape of the Ouachita Mountains, Lonsdale is close to numerous outdoor recreational opportunities, including hiking, fishing, and camping. The nearby Lake Ouachita and Ouachita National Forest provide ample adventures for nature lovers. The town features local conveniences, including small businesses and eateries, contributing to its community spirit. Although it is primarily residential, Lonsdale also serves as a peaceful retreat for those escaping the hustle of larger cities. Lonsdale is part of the Hot Springs Metropolitan Area, making it easy for residents to access the amenities and attractions of a larger urban environment, including dining, shopping, and entertainment options. Overall, Lonsdale is an inviting location for those seeking a quiet lifestyle with easy access to the natural beauty of Arkansas.

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