Quick facts: Sherwood, AR

Quick Facts

92.7
Cost of Living
below US average
33,082
Population
34.07
Crime Rate per 1000
above US average
$74,917
Median Income
below US average
$197,000
Median House Price
above US average
$1931.98
Average Rent
above US average
9%
Poverty Rate
below US average
3.3%
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 $74,917.

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Income Needed to Buy

βœ“ Affordable
$62k/year
Based on $197,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
πŸ“Š Median income ($74,917) exceeds requirement
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Income Needed to Rent

⚠ Stretch
$83k/year
Based on $1931.98/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $83k vs median $74,917
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Sherwood, AR

Sherwood is a vibrant city located in Pulaski County, Arkansas, just northeast of Little Rock. It has a population of around 30,000 residents and is part of the larger Little Rock-North Little Rock-Conway Metropolitan Area. The city is known for its family-friendly atmosphere, with numerous parks, recreational facilities, and a strong sense of community. One of the city's key attractions is the picturesque Lake Sherwood, which offers opportunities for fishing, boating, and enjoying nature. Additionally, Sherwood boasts several well-maintained parks, such as the Ben Boaz Park and the Sherwood Sports Complex, which host various events and provide venues for sports activities. Education is a priority in Sherwood, served by the Sherwood School District and nearby private schools, making it an appealing area for families. Its proximity to Little Rock also provides residents with easy access to the capital's amenities, including dining, shopping, and cultural attractions. Overall, Sherwood combines small-town charm with the conveniences of urban living, making it an attractive place to live and raise a family in Arkansas.

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