The typical owner-occupied home in Big Flat is worth about $110,900, 41% below the Arkansas median of $188,000 and 67% below the national median of $332,700. Owners pay a median $914 a year in property taxes, about 0.82% of their home's value, higher than the Arkansas rate of 0.55%. 85% of occupied homes here are lived in by their owners, and 0% of those owners still have a mortgage.
Big Flat at a glance
| Big Flat | Arkansas | U.S. | |
|---|---|---|---|
| Median home value | $110,900 | $188,000 | $332,700 |
| Median property tax paid per year | $914 | $1,040 | $3,119 |
| Property tax as a share of value | 0.82% | 0.55% | 0.94% |
| Median household income | – | $60,773 | $80,734 |
| Homes lived in by their owners | 85% | 66% | 65% |
| Owner homes with a mortgage | 0% | 53% | 61% |
| Median monthly costs, owners with a mortgage | – | $1,345 | $1,963 |
| Median rent | – | $947 | $1,413 |
| Median year homes were built | 1949 | 1987 | 1980 |
| Vacant homes | 44.9% | 13.5% | 10.1% |
| Population | 71 | 3,049,391 | 334,922,499 |
What a typical home costs per month in Big Flat
At this week's average 30-year rate of 7.11%, buying the median Big Flat home of $110,900 with 20% down costs about $719 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $904, 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 $30,807 for the 20%-down payment.
| Down payment | $22,180 |
|---|---|
| Loan amount | $88,720 |
| Principal and interest | $597 |
| Property taxes (0.82% a year) | $76 |
| Homeowners insurance (our estimate, 0.5% a year) | $46 |
| PMI | $0 |
| Total per month | $719 |
Change the numbers in the calculator
| Down payment | $3,882 |
|---|---|
| Loan amount | $108,891 |
| Principal and interest | $733 |
| Property taxes (0.82% a year) | $76 |
| Homeowners insurance (our estimate, 0.5% a year) | $46 |
| FHA mortgage insurance | $49 |
| Total per month | $904 |
Change the numbers in the calculator
Questions about home buying in Big Flat
What is the median home value in Big Flat?
About $110,900 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Big Flat?
Homeowners pay a median $914 a year, which is about 0.82% 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 Big Flat?
For the median home with 20% down at 7.11%, the payment is about $719 a month. Keeping that under 28% of gross income takes about $30,807 a year.
More about Big Flat
- Mortgage Refinance in Big Flat
- Debt Relief in Big Flat
- Home Equity Loans in Big Flat
- 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