The typical owner-occupied home in Cedarville is worth about $165,100, 12% below the Arkansas median of $188,000 and 50% below the national median of $332,700. Owners pay a median $534 a year in property taxes, about 0.32% of their home's value, lower than the Arkansas rate of 0.55%. The median household earns $59,740 a year, so the median home costs 2.8 times the median income (3.1 times for Arkansas). 94% of occupied homes here are lived in by their owners, and 60% of those owners still have a mortgage.
Cedarville at a glance
| Cedarville | Arkansas | U.S. | |
|---|---|---|---|
| Median home value | $165,100 | $188,000 | $332,700 |
| Median property tax paid per year | $534 | $1,040 | $3,119 |
| Property tax as a share of value | 0.32% | 0.55% | 0.94% |
| Median household income | $59,740 | $60,773 | $80,734 |
| Homes lived in by their owners | 94% | 66% | 65% |
| Owner homes with a mortgage | 60% | 53% | 61% |
| Median monthly costs, owners with a mortgage | $1,177 | $1,345 | $1,963 |
| Those costs as a share of the owners' income | 19.7% | 18.5% | 21.0% |
| Median rent | $1,101 | $947 | $1,413 |
| Rent as a share of renters' income | 38.6% | 27.6% | 30.6% |
| Median year homes were built | 1992 | 1987 | 1980 |
| Vacant homes | 2.7% | 13.5% | 10.1% |
| Population | 1,760 | 3,049,391 | 334,922,499 |
What a typical home costs per month in Cedarville
At this week's average 30-year rate of 7.11%, buying the median Cedarville home of $165,100 with 20% down costs about $1,001 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $1,276, 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 $42,914 for the 20%-down payment. That payment is 20% of the median Cedarville household income of $59,740; at that income and 20% down, the 28% guideline points to a home of about $230,000.
The median rent here is $1,101 a month, a little more than the monthly cost of owning the median home with 20% down.
| Down payment | $33,020 |
|---|---|
| Loan amount | $132,080 |
| Principal and interest | $889 |
| Property taxes (0.32% a year) | $44 |
| Homeowners insurance (our estimate, 0.5% a year) | $69 |
| PMI | $0 |
| Total per month | $1,001 |
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| Down payment | $5,778 |
|---|---|
| Loan amount | $162,110 |
| Principal and interest | $1,091 |
| Property taxes (0.32% a year) | $44 |
| Homeowners insurance (our estimate, 0.5% a year) | $69 |
| FHA mortgage insurance | $73 |
| Total per month | $1,276 |
Change the numbers in the calculator
Questions about home buying in Cedarville
What is the median home value in Cedarville?
About $165,100 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Cedarville?
Homeowners pay a median $534 a year, which is about 0.32% 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 Cedarville?
For the median home with 20% down at 7.11%, the payment is about $1,001 a month. Keeping that under 28% of gross income takes about $42,914 a year.
More about Cedarville
- Mortgage Refinance in Cedarville
- Debt Relief in Cedarville
- Home Equity Loans in Cedarville
- 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