Quick facts: Mount ida, AR

Quick Facts

92.7
Cost of Living
below US average
1,001
Population
37.96
Crime Rate per 1000
above US average
$42,778
Median Income
below US average
$265,000
Median House Price
above US average
$1228
Average Rent
below US average
15%
Poverty Rate
above US average
4.3%
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 $42,778.

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Income Needed to Buy

βœ— Stretch
$83k/year
Based on $265,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $83k vs median $42,778
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Income Needed to Rent

⚠ Stretch
$53k/year
Based on $1228/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $53k vs median $42,778
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Mount ida, AR

Mount Ida, Arkansas, is a small city located in Montgomery County. Known as the "Quartz Crystal Capital of the World," it attracts tourists and rockhounding enthusiasts eager to explore its nearby crystal mines. Nestled in the Ouachita Mountains, the area offers stunning natural beauty with lush forests, rolling hills, and various lakes, including Lake Ouachita, a popular spot for fishing, boating, and swimming. The city's local economy is largely driven by tourism, with several shops and businesses dedicated to quartz crystal sales, mining tours, and outdoor recreational activities. Additionally, Mount Ida hosts several annual events, such as the Montgomery County Fair, adding to its community spirit. Outdoor enthusiasts will find ample opportunities for hiking, camping, and exploring the Ouachita National Forest. The area's unique geological features and rich history make it a fascinating destination for visitors seeking adventure or relaxation in the serene Arkansas landscape.

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