Quick facts: Muldrow, OK

Quick Facts

90.9
Cost of Living
below US average
3,289
Population
30.71
Crime Rate per 1000
above US average
$45,982
Median Income
below US average
$239,000
Median House Price
above US average
$850.0
Average Rent
below US average
17%
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 $45,982.

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Income Needed to Buy

βœ— Stretch
$75k/year
Based on $239,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $75k vs median $45,982
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Income Needed to Rent

βœ“ Affordable
$36k/year
Based on $850.0/month average rent
Annual income where rent = 28% of gross
πŸ“Š Median income ($45,982) exceeds requirement
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Muldrow, OK

Muldrow, Oklahoma, is a small town located in Sequoyah County near the eastern border of the state. With a population of around 3,000 residents, it offers a close-knit community atmosphere. Muldrow is known for its rich history, being named after a prominent local family and is part of the larger Fort Smith, Arkansas-Oklahoma Metropolitan Area. Muldrow features various local amenities, including parks, schools, and shops, making it a convenient place for families. The town is situated near the scenic Ozark Mountains, providing opportunities for outdoor activities such as hiking, fishing, and camping nearby. The Arkansas River also runs close to the town, contributing to the area's natural beauty and recreational options. Muldrow hosts community events and festivals throughout the year, fostering a sense of community spirit. Its location along U.S. Route 64 provides easy access to larger cities like Fort Smith, Arkansas, which is just a short drive away, allowing residents to enjoy urban amenities while living in a peaceful, rural setting. Overall, Muldrow is characterized by its friendly community, natural surroundings, and a balance of small-town charm and accessibility.

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