The typical owner-occupied home in Drasco is worth about $86,900, 54% below the Arkansas median of $188,000 and 74% below the national median of $332,700. Owners pay a median $800 a year in property taxes, about 0.92% of their home's value, higher than the Arkansas rate of 0.55%. The median household earns $96,823 a year, so the median home costs 0.9 times the median income (3.1 times for Arkansas). 77% of occupied homes here are lived in by their owners, and 59% of those owners still have a mortgage.
Drasco at a glance
| Drasco | Arkansas | U.S. | |
|---|---|---|---|
| Median home value | $86,900 | $188,000 | $332,700 |
| Median property tax paid per year | $800 | $1,040 | $3,119 |
| Property tax as a share of value | 0.92% | 0.55% | 0.94% |
| Median household income | $96,823 | $60,773 | $80,734 |
| Homes lived in by their owners | 77% | 66% | 65% |
| Owner homes with a mortgage | 59% | 53% | 61% |
| Median monthly costs, owners with a mortgage | $1,708 | $1,345 | $1,963 |
| Those costs as a share of the owners' income | 21.3% | 18.5% | 21.0% |
| Median rent | – | $947 | $1,413 |
| Median year homes were built | 1981 | 1987 | 1980 |
| Vacant homes | 38.8% | 13.5% | 10.1% |
| Population | 314 | 3,049,391 | 334,922,499 |
What a typical home costs per month in Drasco
At this week's average 30-year rate of 7.11%, buying the median Drasco home of $86,900 with 20% down costs about $570 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $715, 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 $24,450 for the 20%-down payment. That payment is 7% of the median Drasco household income of $96,823; at that income and 20% down, the 28% guideline points to a home of about $344,000.
| Down payment | $17,380 |
|---|---|
| Loan amount | $69,520 |
| Principal and interest | $468 |
| Property taxes (0.92% a year) | $67 |
| Homeowners insurance (our estimate, 0.5% a year) | $36 |
| PMI | $0 |
| Total per month | $570 |
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| Down payment | $3,042 |
|---|---|
| Loan amount | $85,326 |
| Principal and interest | $574 |
| Property taxes (0.92% a year) | $67 |
| Homeowners insurance (our estimate, 0.5% a year) | $36 |
| FHA mortgage insurance | $38 |
| Total per month | $715 |
Change the numbers in the calculator
Questions about home buying in Drasco
What is the median home value in Drasco?
About $86,900 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Drasco?
Homeowners pay a median $800 a year, which is about 0.92% 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 Drasco?
For the median home with 20% down at 7.11%, the payment is about $570 a month. Keeping that under 28% of gross income takes about $24,450 a year.
More about Drasco
- Mortgage Refinance in Drasco
- Debt Relief in Drasco
- Home Equity Loans in Drasco
- 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