Quick facts: Mansfield, AR

Quick Facts

92.7
Cost of Living
below US average
1,050
Population
19.05
Crime Rate per 1000
below US average
$43,235
Median Income
below US average
$185,000
Median House Price
above US average
$2000.0
Average Rent
above US average
18%
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 $43,235.

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Income Needed to Buy

βœ— Stretch
$58k/year
Based on $185,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $58k vs median $43,235
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Income Needed to Rent

⚠ Stretch
$86k/year
Based on $2000.0/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $86k vs median $43,235
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Mansfield, AR

Mansfield, Arkansas, is a small city located in the western part of the state, primarily known for its scenic landscapes and tight-knit community. With a population of around 1,300 residents, Mansfield embodies the charm of a rural town while still offering access to modern amenities. Its location near the Ozark National Forest provides residents and visitors opportunities for outdoor activities like hiking, fishing, and camping. The city is home to various local shops, restaurants, and parks, emphasizing a friendly, small-town atmosphere. Historical sites around Mansfield offer glimpses into its past, including old buildings and landmarks that reflect its heritage. The Mansfield School District serves the community, prioritizing education and youth development. For those interested in exploring nature, the nearby Ouachita Mountains are a short drive away, offering stunning views and recreational opportunities. Overall, Mansfield is a peaceful place to live, perfect for those who enjoy a slower pace of life while still being close to larger cities like Fort Smith and Little Rock.

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