The typical owner-occupied home in Wooster is worth about $333,000, 77% above the Arkansas median of $188,000 and about the same as the national median of $332,700. Owners pay a median $1,725 a year in property taxes, about 0.52% of their home's value, lower than the Arkansas rate of 0.55%. The median household earns $111,667 a year, so the median home costs 3.0 times the median income (3.1 times for Arkansas). 93% of occupied homes here are lived in by their owners, and 73% of those owners still have a mortgage.
Wooster at a glance
| Wooster | Arkansas | U.S. | |
|---|---|---|---|
| Median home value | $333,000 | $188,000 | $332,700 |
| Median property tax paid per year | $1,725 | $1,040 | $3,119 |
| Property tax as a share of value | 0.52% | 0.55% | 0.94% |
| Median household income | $111,667 | $60,773 | $80,734 |
| Homes lived in by their owners | 93% | 66% | 65% |
| Owner homes with a mortgage | 73% | 53% | 61% |
| Median monthly costs, owners with a mortgage | $1,756 | $1,345 | $1,963 |
| Those costs as a share of the owners' income | 20.2% | 18.5% | 21.0% |
| Median rent | $1,167 | $947 | $1,413 |
| Rent as a share of renters' income | 17.8% | 27.6% | 30.6% |
| Median year homes were built | 2005 | 1987 | 1980 |
| Vacant homes | 7.1% | 13.5% | 10.1% |
| Population | 1,023 | 3,049,391 | 334,922,499 |
What a typical home costs per month in Wooster
At this week's average 30-year rate of 7.11%, buying the median Wooster home of $333,000 with 20% down costs about $2,075 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $2,630, 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 $88,935 for the 20%-down payment. That payment is 22% of the median Wooster household income of $111,667; at that income and 20% down, the 28% guideline points to a home of about $418,000.
The median rent here is $1,167 a month, so owning the median home costs about $908 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $66,600 |
|---|---|
| Loan amount | $266,400 |
| Principal and interest | $1,792 |
| Property taxes (0.52% a year) | $144 |
| Homeowners insurance (our estimate, 0.5% a year) | $139 |
| PMI | $0 |
| Total per month | $2,075 |
Change the numbers in the calculator
| Down payment | $11,655 |
|---|---|
| Loan amount | $326,969 |
| Principal and interest | $2,200 |
| Property taxes (0.52% a year) | $144 |
| Homeowners insurance (our estimate, 0.5% a year) | $139 |
| FHA mortgage insurance | $147 |
| Total per month | $2,630 |
Change the numbers in the calculator
Questions about home buying in Wooster
What is the median home value in Wooster?
About $333,000 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Wooster?
Homeowners pay a median $1,725 a year, which is about 0.52% 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 Wooster?
For the median home with 20% down at 7.11%, the payment is about $2,075 a month. Keeping that under 28% of gross income takes about $88,935 a year.
More about Wooster
- Mortgage Refinance in Wooster
- Debt Relief in Wooster
- Home Equity Loans in Wooster
- 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