Quick facts: Saratoga, AR

Quick Facts

92.7
Cost of Living
below US average
110
Population
45.45
Crime Rate per 1000
above US average
$28,542
Median Income
below US average
$234,500
Median House Price
above US average
$1228
Average Rent
below US average
15%
Poverty Rate
above US average
5.2%
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 $28,542.

🏠

Income Needed to Buy

βœ— Stretch
$74k/year
Based on $234,500 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $74k vs median $28,542
🏒

Income Needed to Rent

⚠ Stretch
$53k/year
Based on $1228/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $53k vs median $28,542
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Saratoga, AR

Saratoga is a small city located in Howard County, Arkansas. With a population of around 1,000 residents, it exudes a close-knit community vibe. Nestled in the Ouachita Mountains region, Saratoga offers picturesque natural scenery, making it an ideal destination for outdoor enthusiasts. The town is surrounded by lush forests, rivers, and lakes, providing ample opportunities for fishing, hiking, and camping. Saratoga is known for its charming downtown area, featuring local shops and eateries that reflect the character of small-town Arkansas. The city is also rich in history, having been established in the late 19th century during the timber boom. The nearby Crater of Diamonds State Park, located a short drive away, allows visitors to hunt for diamonds and other gemstones, making it a unique attraction in the region. Saratoga hosts various community events and festivals throughout the year, fostering a sense of joy and togetherness among its residents. With its serene atmosphere and welcoming spirit, Saratoga is a hidden gem in the heart of Arkansas.

πŸ” Search & Compare Places

First Location πŸ“