The amount of foreclosures in Arkansas has been increased over the past few years. The amount of foreclosure filings, 16,547 properties working out to a rate of one filing for every 78 households, is below the national avergae of one filing for every 45 households, and is a little more than one percent of the state's housing units.
Arkansas, sharing a border with six other states and defined by the Mississippi River, is located in the southern region of the United States. Little Rock is the capital city of Arkansas and the most populated city, located in the central of the state. Arkansas is the 32nd largest U.S. state by population, with 2,915,918 people. Its 53,179 square miles make it the 29th largest state by area. Median household income in 2008 was $38,815.
The Brookings Institution named Arkansas the 7th best metropolitan economy in the United States. Arkansas has attracted some of the nation's largest companies, including Raytheon, Siemens, Blue Cross/Blue Shield, and AT&T. Perhaps the state's most famous residents are Wal-Mart corporation (headquartered in Bentonville, Arkansas) and Tyson Foods.