The typical owner-occupied home in Center Ridge is worth about $82,700, 56% below the Arkansas median of $188,000 and 75% below the national median of $332,700. Owners pay a median $513 a year in property taxes, about 0.62% of their home's value, higher than the Arkansas rate of 0.55%. The median household earns $36,563 a year, so the median home costs 2.3 times the median income (3.1 times for Arkansas). 93% of occupied homes here are lived in by their owners, and 4% of those owners still have a mortgage.
Center Ridge at a glance
| Center Ridge | Arkansas | U.S. | |
|---|---|---|---|
| Median home value | $82,700 | $188,000 | $332,700 |
| Median property tax paid per year | $513 | $1,040 | $3,119 |
| Property tax as a share of value | 0.62% | 0.55% | 0.94% |
| Median household income | $36,563 | $60,773 | $80,734 |
| Homes lived in by their owners | 93% | 66% | 65% |
| Owner homes with a mortgage | 4% | 53% | 61% |
| Median monthly costs, owners with a mortgage | – | $1,345 | $1,963 |
| Median rent | – | $947 | $1,413 |
| Median year homes were built | 1988 | 1987 | 1980 |
| Vacant homes | 56.5% | 13.5% | 10.1% |
| Population | 211 | 3,049,391 | 334,922,499 |
What a typical home costs per month in Center Ridge
At this week's average 30-year rate of 7.11%, buying the median Center Ridge home of $82,700 with 20% down costs about $522 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $660, 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 $22,382 for the 20%-down payment. That payment is 17% of the median Center Ridge household income of $36,563; at that income and 20% down, the 28% guideline points to a home of about $135,000.
| Down payment | $16,540 |
|---|---|
| Loan amount | $66,160 |
| Principal and interest | $445 |
| Property taxes (0.62% a year) | $43 |
| Homeowners insurance (our estimate, 0.5% a year) | $34 |
| PMI | $0 |
| Total per month | $522 |
Change the numbers in the calculator
| Down payment | $2,894 |
|---|---|
| Loan amount | $81,202 |
| Principal and interest | $546 |
| Property taxes (0.62% a year) | $43 |
| Homeowners insurance (our estimate, 0.5% a year) | $34 |
| FHA mortgage insurance | $37 |
| Total per month | $660 |
Change the numbers in the calculator
Questions about home buying in Center Ridge
What is the median home value in Center Ridge?
About $82,700 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Center Ridge?
Homeowners pay a median $513 a year, which is about 0.62% 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 Center Ridge?
For the median home with 20% down at 7.11%, the payment is about $522 a month. Keeping that under 28% of gross income takes about $22,382 a year.
More about Center Ridge
- Mortgage Refinance in Center Ridge
- Debt Relief in Center Ridge
- Home Equity Loans in Center Ridge
- 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