The typical owner-occupied home in Prattsville is worth about $79,200, 58% below the Arkansas median of $188,000 and 76% below the national median of $332,700. The median household earns $49,526 a year, so the median home costs 1.6 times the median income (3.1 times for Arkansas). 89% of occupied homes here are lived in by their owners, and 53% of those owners still have a mortgage.
Prattsville at a glance
| Prattsville | Arkansas | U.S. | |
|---|---|---|---|
| Median home value | $79,200 | $188,000 | $332,700 |
| Median property tax paid per year | – | $1,040 | $3,119 |
| Median household income | $49,526 | $60,773 | $80,734 |
| Homes lived in by their owners | 89% | 66% | 65% |
| Owner homes with a mortgage | 53% | 53% | 61% |
| Median monthly costs, owners with a mortgage | $1,052 | $1,345 | $1,963 |
| Those costs as a share of the owners' income | 16.7% | 18.5% | 21.0% |
| Median rent | – | $947 | $1,413 |
| Median year homes were built | 1974 | 1987 | 1980 |
| Vacant homes | 16.0% | 13.5% | 10.1% |
| Population | 428 | 3,049,391 | 334,922,499 |
What a typical home costs per month in Prattsville
At this week's average 30-year rate of 7.11%, buying the median Prattsville home of $79,200 with 20% down costs about $532 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $664, 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 $22,793 for the 20%-down payment. That payment is 13% of the median Prattsville household income of $49,526; at that income and 20% down, the 28% guideline points to a home of about $172,000.
| Down payment | $15,840 |
|---|---|
| Loan amount | $63,360 |
| Principal and interest | $426 |
| Property taxes (1.10% a year) | $73 |
| Homeowners insurance (our estimate, 0.5% a year) | $33 |
| PMI | $0 |
| Total per month | $532 |
Change the numbers in the calculator
| Down payment | $2,772 |
|---|---|
| Loan amount | $77,765 |
| Principal and interest | $523 |
| Property taxes (1.10% a year) | $73 |
| Homeowners insurance (our estimate, 0.5% a year) | $33 |
| FHA mortgage insurance | $35 |
| Total per month | $664 |
Change the numbers in the calculator
Questions about home buying in Prattsville
What is the median home value in Prattsville?
About $79,200 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
What income do you need to buy a home in Prattsville?
For the median home with 20% down at 7.11%, the payment is about $532 a month. Keeping that under 28% of gross income takes about $22,793 a year.
More about Prattsville
- Mortgage Refinance in Prattsville
- Debt Relief in Prattsville
- Home Equity Loans in Prattsville
- 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