The typical owner-occupied home in Floral is worth about $33,000, 82% below the Arkansas median of $188,000 and 90% below the national median of $332,700. Owners pay a median $821 a year in property taxes, about 2.49% of their home's value, higher than the Arkansas rate of 0.55%. 100% of occupied homes here are lived in by their owners, and 0% of those owners still have a mortgage.
Floral at a glance
| Floral | Arkansas | U.S. | |
|---|---|---|---|
| Median home value | $33,000 | $188,000 | $332,700 |
| Median property tax paid per year | $821 | $1,040 | $3,119 |
| Property tax as a share of value | 2.49% | 0.55% | 0.94% |
| Median household income | – | $60,773 | $80,734 |
| Homes lived in by their owners | 100% | 66% | 65% |
| Owner homes with a mortgage | 0% | 53% | 61% |
| Median monthly costs, owners with a mortgage | – | $1,345 | $1,963 |
| Median rent | – | $947 | $1,413 |
| Median year homes were built | 1958 | 1987 | 1980 |
| Vacant homes | 40.4% | 13.5% | 10.1% |
| Population | 194 | 3,049,391 | 334,922,499 |
What a typical home costs per month in Floral
At this week's average 30-year rate of 7.11%, buying the median Floral home of $33,000 with 20% down costs about $260 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $315, 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 $11,135 for the 20%-down payment.
| Down payment | $6,600 |
|---|---|
| Loan amount | $26,400 |
| Principal and interest | $178 |
| Property taxes (2.49% a year) | $68 |
| Homeowners insurance (our estimate, 0.5% a year) | $14 |
| PMI | $0 |
| Total per month | $260 |
Change the numbers in the calculator
| Down payment | $1,155 |
|---|---|
| Loan amount | $32,402 |
| Principal and interest | $218 |
| Property taxes (2.49% a year) | $68 |
| Homeowners insurance (our estimate, 0.5% a year) | $14 |
| FHA mortgage insurance | $15 |
| Total per month | $315 |
Change the numbers in the calculator
Questions about home buying in Floral
What is the median home value in Floral?
About $33,000 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Floral?
Homeowners pay a median $821 a year, which is about 2.49% 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 Floral?
For the median home with 20% down at 7.11%, the payment is about $260 a month. Keeping that under 28% of gross income takes about $11,135 a year.
More about Floral
- Mortgage Refinance in Floral
- Debt Relief in Floral
- Home Equity Loans in Floral
- 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