The typical owner-occupied home in Drew County is worth about $140,800, 25% below the Arkansas median of $188,000 and 58% below the national median of $332,700. Owners pay a median $664 a year in property taxes, about 0.47% of their home's value, lower than the Arkansas rate of 0.55%. The median household earns $42,824 a year, so the median home costs 3.3 times the median income (3.1 times for Arkansas). 64% of occupied homes here are lived in by their owners, and 41% of those owners still have a mortgage.
Drew County at a glance
| Drew County | Arkansas | U.S. | |
|---|---|---|---|
| Median home value | $140,800 | $188,000 | $332,700 |
| Median property tax paid per year | $664 | $1,040 | $3,119 |
| Property tax as a share of value | 0.47% | 0.55% | 0.94% |
| Median household income | $42,824 | $60,773 | $80,734 |
| Homes lived in by their owners | 64% | 66% | 65% |
| Owner homes with a mortgage | 41% | 53% | 61% |
| Median monthly costs, owners with a mortgage | $1,122 | $1,345 | $1,963 |
| Those costs as a share of the owners' income | 23.1% | 18.5% | 21.0% |
| Median rent | $725 | $947 | $1,413 |
| Rent as a share of renters' income | 27.5% | 27.6% | 30.6% |
| Median year homes were built | 1985 | 1987 | 1980 |
| Vacant homes | 13.2% | 13.5% | 10.1% |
| Population | 17,046 | 3,049,391 | 334,922,499 |
What a typical home costs per month in Drew County
At this week's average 30-year rate of 7.11%, buying the median Drew County home of $140,800 with 20% down costs about $872 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $1,106, 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 $37,352 for the 20%-down payment. That payment is 24% of the median Drew County household income of $42,824; at that income and 20% down, the 28% guideline points to a home of about $161,000.
The median rent here is $725 a month, so owning the median home costs about $147 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $28,160 |
|---|---|
| Loan amount | $112,640 |
| Principal and interest | $758 |
| Property taxes (0.47% a year) | $55 |
| Homeowners insurance (our estimate, 0.5% a year) | $59 |
| PMI | $0 |
| Total per month | $872 |
Change the numbers in the calculator
| Down payment | $4,928 |
|---|---|
| Loan amount | $138,250 |
| Principal and interest | $930 |
| Property taxes (0.47% a year) | $55 |
| Homeowners insurance (our estimate, 0.5% a year) | $59 |
| FHA mortgage insurance | $62 |
| Total per month | $1,106 |
Change the numbers in the calculator
Questions about home buying in Drew County
What is the median home value in Drew County?
About $140,800 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Drew County?
Homeowners pay a median $664 a year, which is about 0.47% 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 Drew County?
For the median home with 20% down at 7.11%, the payment is about $872 a month. Keeping that under 28% of gross income takes about $37,352 a year.
More about Drew County
- Mortgage Refinance in Drew County
- Debt Relief in Drew County
- Home Equity Loans in Drew County
- 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