The typical owner-occupied home in Piggott is worth about $115,500, 39% below the Arkansas median of $188,000 and 65% below the national median of $332,700. Owners pay a median $598 a year in property taxes, about 0.52% of their home's value, lower than the Arkansas rate of 0.55%. The median household earns $44,468 a year, so the median home costs 2.6 times the median income (3.1 times for Arkansas). 60% of occupied homes here are lived in by their owners, and 50% of those owners still have a mortgage.
Piggott at a glance
| Piggott | Arkansas | U.S. | |
|---|---|---|---|
| Median home value | $115,500 | $188,000 | $332,700 |
| Median property tax paid per year | $598 | $1,040 | $3,119 |
| Property tax as a share of value | 0.52% | 0.55% | 0.94% |
| Median household income | $44,468 | $60,773 | $80,734 |
| Homes lived in by their owners | 60% | 66% | 65% |
| Owner homes with a mortgage | 50% | 53% | 61% |
| Median monthly costs, owners with a mortgage | $845 | $1,345 | $1,963 |
| Those costs as a share of the owners' income | 18.4% | 18.5% | 21.0% |
| Median rent | $738 | $947 | $1,413 |
| Rent as a share of renters' income | 24.6% | 27.6% | 30.6% |
| Median year homes were built | 1969 | 1987 | 1980 |
| Vacant homes | 20.7% | 13.5% | 10.1% |
| Population | 3,555 | 3,049,391 | 334,922,499 |
What a typical home costs per month in Piggott
At this week's average 30-year rate of 7.11%, buying the median Piggott home of $115,500 with 20% down costs about $720 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $912, 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 $30,847 for the 20%-down payment. That payment is 19% of the median Piggott household income of $44,468; at that income and 20% down, the 28% guideline points to a home of about $167,000.
The median rent here is $738 a month, a little more than the monthly cost of owning the median home with 20% down.
| Down payment | $23,100 |
|---|---|
| Loan amount | $92,400 |
| Principal and interest | $622 |
| Property taxes (0.52% a year) | $50 |
| Homeowners insurance (our estimate, 0.5% a year) | $48 |
| PMI | $0 |
| Total per month | $720 |
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| Down payment | $4,042 |
|---|---|
| Loan amount | $113,408 |
| Principal and interest | $763 |
| Property taxes (0.52% a year) | $50 |
| Homeowners insurance (our estimate, 0.5% a year) | $48 |
| FHA mortgage insurance | $51 |
| Total per month | $912 |
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Questions about home buying in Piggott
What is the median home value in Piggott?
About $115,500 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Piggott?
Homeowners pay a median $598 a year, which is about 0.52% 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 Piggott?
For the median home with 20% down at 7.11%, the payment is about $720 a month. Keeping that under 28% of gross income takes about $30,847 a year.
More about Piggott
- Mortgage Refinance in Piggott
- Debt Relief in Piggott
- Home Equity Loans in Piggott
- 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