The typical owner-occupied home in Emerson is worth about $101,800, 46% below the Arkansas median of $188,000 and 69% below the national median of $332,700. The median household earns $55,938 a year, so the median home costs 1.8 times the median income (3.1 times for Arkansas). 65% of occupied homes here are lived in by their owners, and 34% of those owners still have a mortgage.
Emerson at a glance
| Emerson | Arkansas | U.S. | |
|---|---|---|---|
| Median home value | $101,800 | $188,000 | $332,700 |
| Median property tax paid per year | – | $1,040 | $3,119 |
| Median household income | $55,938 | $60,773 | $80,734 |
| Homes lived in by their owners | 65% | 66% | 65% |
| Owner homes with a mortgage | 34% | 53% | 61% |
| Median monthly costs, owners with a mortgage | $875 | $1,345 | $1,963 |
| Those costs as a share of the owners' income | 15.0% | 18.5% | 21.0% |
| Median rent | $781 | $947 | $1,413 |
| Rent as a share of renters' income | 22.5% | 27.6% | 30.6% |
| Median year homes were built | 1973 | 1987 | 1980 |
| Vacant homes | 41.8% | 13.5% | 10.1% |
| Population | 239 | 3,049,391 | 334,922,499 |
What a typical home costs per month in Emerson
At this week's average 30-year rate of 7.11%, buying the median Emerson home of $101,800 with 20% down costs about $684 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $853, 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 $29,296 for the 20%-down payment. That payment is 15% of the median Emerson household income of $55,938; at that income and 20% down, the 28% guideline points to a home of about $194,000.
The median rent here is $781 a month, a little more than the monthly cost of owning the median home with 20% down.
| Down payment | $20,360 |
|---|---|
| Loan amount | $81,440 |
| Principal and interest | $548 |
| Property taxes (1.10% a year) | $93 |
| Homeowners insurance (our estimate, 0.5% a year) | $42 |
| PMI | $0 |
| Total per month | $684 |
Change the numbers in the calculator
| Down payment | $3,563 |
|---|---|
| Loan amount | $99,956 |
| Principal and interest | $672 |
| Property taxes (1.10% a year) | $93 |
| Homeowners insurance (our estimate, 0.5% a year) | $42 |
| FHA mortgage insurance | $45 |
| Total per month | $853 |
Change the numbers in the calculator
Questions about home buying in Emerson
What is the median home value in Emerson?
About $101,800 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
What income do you need to buy a home in Emerson?
For the median home with 20% down at 7.11%, the payment is about $684 a month. Keeping that under 28% of gross income takes about $29,296 a year.
More about Emerson
- Mortgage Refinance in Emerson
- Debt Relief in Emerson
- Home Equity Loans in Emerson
- 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