The typical owner-occupied home in Clarkedale is worth about $306,500, 63% above the Arkansas median of $188,000 and 8% below the national median of $332,700. Owners pay a median $2,010 a year in property taxes, about 0.66% of their home's value, higher than the Arkansas rate of 0.55%. The median household earns $130,625 a year, so the median home costs 2.3 times the median income (3.1 times for Arkansas). 97% of occupied homes here are lived in by their owners, and 64% of those owners still have a mortgage.
Clarkedale at a glance
| Clarkedale | Arkansas | U.S. | |
|---|---|---|---|
| Median home value | $306,500 | $188,000 | $332,700 |
| Median property tax paid per year | $2,010 | $1,040 | $3,119 |
| Property tax as a share of value | 0.66% | 0.55% | 0.94% |
| Median household income | $130,625 | $60,773 | $80,734 |
| Homes lived in by their owners | 97% | 66% | 65% |
| Owner homes with a mortgage | 64% | 53% | 61% |
| Median monthly costs, owners with a mortgage | $2,169 | $1,345 | $1,963 |
| Those costs as a share of the owners' income | 15.7% | 18.5% | 21.0% |
| Median rent | – | $947 | $1,413 |
| Median year homes were built | 2003 | 1987 | 1980 |
| Vacant homes | 5.2% | 13.5% | 10.1% |
| Population | 468 | 3,049,391 | 334,922,499 |
What a typical home costs per month in Clarkedale
At this week's average 30-year rate of 7.11%, buying the median Clarkedale home of $306,500 with 20% down costs about $1,946 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $2,456, 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 $83,390 for the 20%-down payment. That payment is 18% of the median Clarkedale household income of $130,625; at that income and 20% down, the 28% guideline points to a home of about $480,000.
| Down payment | $61,300 |
|---|---|
| Loan amount | $245,200 |
| Principal and interest | $1,649 |
| Property taxes (0.66% a year) | $169 |
| Homeowners insurance (our estimate, 0.5% a year) | $128 |
| PMI | $0 |
| Total per month | $1,946 |
Change the numbers in the calculator
| Down payment | $10,728 |
|---|---|
| Loan amount | $300,949 |
| Principal and interest | $2,024 |
| Property taxes (0.66% a year) | $169 |
| Homeowners insurance (our estimate, 0.5% a year) | $128 |
| FHA mortgage insurance | $136 |
| Total per month | $2,456 |
Change the numbers in the calculator
Questions about home buying in Clarkedale
What is the median home value in Clarkedale?
About $306,500 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Clarkedale?
Homeowners pay a median $2,010 a year, which is about 0.66% 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 Clarkedale?
For the median home with 20% down at 7.11%, the payment is about $1,946 a month. Keeping that under 28% of gross income takes about $83,390 a year.
More about Clarkedale
- Mortgage Refinance in Clarkedale
- Debt Relief in Clarkedale
- Home Equity Loans in Clarkedale
- 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