The typical owner-occupied home in Waldo is worth about $61,800, 67% below the Arkansas median of $188,000 and 81% below the national median of $332,700. Owners pay a median $353 a year in property taxes, about 0.57% of their home's value, close to the Arkansas rate of 0.55%. The median household earns $40,500 a year, so the median home costs 1.5 times the median income (3.1 times for Arkansas). 80% of occupied homes here are lived in by their owners, and 42% of those owners still have a mortgage.
Waldo at a glance
| Waldo | Arkansas | U.S. | |
|---|---|---|---|
| Median home value | $61,800 | $188,000 | $332,700 |
| Median property tax paid per year | $353 | $1,040 | $3,119 |
| Property tax as a share of value | 0.57% | 0.55% | 0.94% |
| Median household income | $40,500 | $60,773 | $80,734 |
| Homes lived in by their owners | 80% | 66% | 65% |
| Owner homes with a mortgage | 42% | 53% | 61% |
| Median monthly costs, owners with a mortgage | $717 | $1,345 | $1,963 |
| Those costs as a share of the owners' income | 19.1% | 18.5% | 21.0% |
| Median rent | $539 | $947 | $1,413 |
| Rent as a share of renters' income | 25.7% | 27.6% | 30.6% |
| Median year homes were built | 1975 | 1987 | 1980 |
| Vacant homes | 30.1% | 13.5% | 10.1% |
| Population | 1,144 | 3,049,391 | 334,922,499 |
What a typical home costs per month in Waldo
At this week's average 30-year rate of 7.11%, buying the median Waldo home of $61,800 with 20% down costs about $388 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $491, 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 $16,616 for the 20%-down payment. That payment is 11% of the median Waldo household income of $40,500; at that income and 20% down, the 28% guideline points to a home of about $151,000.
The median rent here is $539 a month, a little more than the monthly cost of owning the median home with 20% down.
| Down payment | $12,360 |
|---|---|
| Loan amount | $49,440 |
| Principal and interest | $333 |
| Property taxes (0.57% a year) | $29 |
| Homeowners insurance (our estimate, 0.5% a year) | $26 |
| PMI | $0 |
| Total per month | $388 |
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| Down payment | $2,163 |
|---|---|
| Loan amount | $60,681 |
| Principal and interest | $408 |
| Property taxes (0.57% a year) | $29 |
| Homeowners insurance (our estimate, 0.5% a year) | $26 |
| FHA mortgage insurance | $27 |
| Total per month | $491 |
Change the numbers in the calculator
Questions about home buying in Waldo
What is the median home value in Waldo?
About $61,800 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Waldo?
Homeowners pay a median $353 a year, which is about 0.57% 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 Waldo?
For the median home with 20% down at 7.11%, the payment is about $388 a month. Keeping that under 28% of gross income takes about $16,616 a year.
More about Waldo
- Mortgage Refinance in Waldo
- Debt Relief in Waldo
- Home Equity Loans in Waldo
- 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