The typical owner-occupied home in Baxter County is worth about $174,600, 7% below the Arkansas median of $188,000 and 48% below the national median of $332,700. Owners pay a median $799 a year in property taxes, about 0.46% of their home's value, lower than the Arkansas rate of 0.55%. The median household earns $48,452 a year, so the median home costs 3.6 times the median income (3.1 times for Arkansas). 75% of occupied homes here are lived in by their owners, and 48% of those owners still have a mortgage.
Baxter County at a glance
| Baxter County | Arkansas | U.S. | |
|---|---|---|---|
| Median home value | $174,600 | $188,000 | $332,700 |
| Median property tax paid per year | $799 | $1,040 | $3,119 |
| Property tax as a share of value | 0.46% | 0.55% | 0.94% |
| Median household income | $48,452 | $60,773 | $80,734 |
| Homes lived in by their owners | 75% | 66% | 65% |
| Owner homes with a mortgage | 48% | 53% | 61% |
| Median monthly costs, owners with a mortgage | $1,157 | $1,345 | $1,963 |
| Those costs as a share of the owners' income | 21.7% | 18.5% | 21.0% |
| Median rent | $846 | $947 | $1,413 |
| Rent as a share of renters' income | 30.7% | 27.6% | 30.6% |
| Median year homes were built | 1985 | 1987 | 1980 |
| Vacant homes | 15.4% | 13.5% | 10.1% |
| Population | 42,407 | 3,049,391 | 334,922,499 |
What a typical home costs per month in Baxter County
At this week's average 30-year rate of 7.11%, buying the median Baxter County home of $174,600 with 20% down costs about $1,079 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $1,370, because the loan is bigger and FHA adds mortgage insurance.
Lenders usually want housing costs under about 28% of gross income, which means an income of roughly $46,257 for the 20%-down payment. That payment is 27% of the median Baxter County household income of $48,452; at that income and 20% down, the 28% guideline points to a home of about $183,000.
The median rent here is $846 a month, so owning the median home costs about $233 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $34,920 |
|---|---|
| Loan amount | $139,680 |
| Principal and interest | $940 |
| Property taxes (0.46% a year) | $67 |
| Homeowners insurance (our estimate, 0.5% a year) | $73 |
| PMI | $0 |
| Total per month | $1,079 |
Change the numbers in the calculator
| Down payment | $6,111 |
|---|---|
| Loan amount | $171,438 |
| Principal and interest | $1,153 |
| Property taxes (0.46% a year) | $67 |
| Homeowners insurance (our estimate, 0.5% a year) | $73 |
| FHA mortgage insurance | $77 |
| Total per month | $1,370 |
Change the numbers in the calculator
Questions about home buying in Baxter County
What is the median home value in Baxter County?
About $174,600 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Baxter County?
Homeowners pay a median $799 a year, which is about 0.46% of the median home value. Your bill depends on your home's assessed value and local rates.
What income do you need to buy a home in Baxter County?
For the median home with 20% down at 7.11%, the payment is about $1,079 a month. Keeping that under 28% of gross income takes about $46,257 a year.
More about Baxter County
- Mortgage Refinance in Baxter County
- Debt Relief in Baxter County
- Home Equity Loans in Baxter County
- Guides and quotes for mortgage refinance on our sister site, MortgageRefinance.com
Sources: U.S. Census Bureau, American Community Survey 2020–2024 5-year estimates; Freddie Mac Primary Mortgage Market Survey, week of November 12, 2026. Estimates for small places have wide margins of error. About our data