The typical owner-occupied home in Knobel is worth about $9,999, 95% below the Arkansas median of $188,000 and 97% below the national median of $332,700. Owners pay a median $263 a year in property taxes, about 2.63% of their home's value, higher than the Arkansas rate of 0.55%. The median household earns $98,242 a year, so the median home costs 0.1 times the median income (3.1 times for Arkansas). 100% of occupied homes here are lived in by their owners, and 68% of those owners still have a mortgage.
Knobel at a glance
| Knobel | Arkansas | U.S. | |
|---|---|---|---|
| Median home value | $9,999 | $188,000 | $332,700 |
| Median property tax paid per year | $263 | $1,040 | $3,119 |
| Property tax as a share of value | 2.63% | 0.55% | 0.94% |
| Median household income | $98,242 | $60,773 | $80,734 |
| Homes lived in by their owners | 100% | 66% | 65% |
| Owner homes with a mortgage | 68% | 53% | 61% |
| Median monthly costs, owners with a mortgage | $654 | $1,345 | $1,963 |
| Those costs as a share of the owners' income | 9.0% | 18.5% | 21.0% |
| Median rent | – | $947 | $1,413 |
| Median year homes were built | 2002 | 1987 | 1980 |
| Vacant homes | 27.1% | 13.5% | 10.1% |
| Population | 158 | 3,049,391 | 334,922,499 |
What a typical home costs per month in Knobel
At this week's average 30-year rate of 7.11%, buying the median Knobel home of $9,999 with 20% down costs about $80 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $97, 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 $3,424 for the 20%-down payment. That payment is 1% of the median Knobel household income of $98,242; at that income and 20% down, the 28% guideline points to a home of about $287,000.
| Down payment | $2,000 |
|---|---|
| Loan amount | $7,999 |
| Principal and interest | $54 |
| Property taxes (2.63% a year) | $22 |
| Homeowners insurance (our estimate, 0.5% a year) | $4 |
| PMI | $0 |
| Total per month | $80 |
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| Down payment | $350 |
|---|---|
| Loan amount | $9,818 |
| Principal and interest | $66 |
| Property taxes (2.63% a year) | $22 |
| Homeowners insurance (our estimate, 0.5% a year) | $4 |
| FHA mortgage insurance | $4 |
| Total per month | $97 |
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Questions about home buying in Knobel
What is the median home value in Knobel?
About $9,999 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Knobel?
Homeowners pay a median $263 a year, which is about 2.63% 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 Knobel?
For the median home with 20% down at 7.11%, the payment is about $80 a month. Keeping that under 28% of gross income takes about $3,424 a year.
More about Knobel
- Mortgage Refinance in Knobel
- Debt Relief in Knobel
- Home Equity Loans in Knobel
- 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