The typical owner-occupied home in Lawrence County is worth about $98,900, 47% below the Arkansas median of $188,000 and 70% below the national median of $332,700. Owners pay a median $461 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 $44,882 a year, so the median home costs 2.2 times the median income (3.1 times for Arkansas). 67% of occupied homes here are lived in by their owners, and 39% of those owners still have a mortgage.
Lawrence County at a glance
| Lawrence County | Arkansas | U.S. | |
|---|---|---|---|
| Median home value | $98,900 | $188,000 | $332,700 |
| Median property tax paid per year | $461 | $1,040 | $3,119 |
| Property tax as a share of value | 0.47% | 0.55% | 0.94% |
| Median household income | $44,882 | $60,773 | $80,734 |
| Homes lived in by their owners | 67% | 66% | 65% |
| Owner homes with a mortgage | 39% | 53% | 61% |
| Median monthly costs, owners with a mortgage | $1,013 | $1,345 | $1,963 |
| Those costs as a share of the owners' income | 18.7% | 18.5% | 21.0% |
| Median rent | $697 | $947 | $1,413 |
| Rent as a share of renters' income | 27.7% | 27.6% | 30.6% |
| Median year homes were built | 1978 | 1987 | 1980 |
| Vacant homes | 13.5% | 13.5% | 10.1% |
| Population | 16,238 | 3,049,391 | 334,922,499 |
What a typical home costs per month in Lawrence County
At this week's average 30-year rate of 7.11%, buying the median Lawrence County home of $98,900 with 20% down costs about $612 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $777, 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 $26,237 for the 20%-down payment. That payment is 16% of the median Lawrence County household income of $44,882; at that income and 20% down, the 28% guideline points to a home of about $169,000.
The median rent here is $697 a month, a little more than the monthly cost of owning the median home with 20% down.
| Down payment | $19,780 |
|---|---|
| Loan amount | $79,120 |
| Principal and interest | $532 |
| Property taxes (0.47% a year) | $39 |
| Homeowners insurance (our estimate, 0.5% a year) | $41 |
| PMI | $0 |
| Total per month | $612 |
Change the numbers in the calculator
| Down payment | $3,462 |
|---|---|
| Loan amount | $97,109 |
| Principal and interest | $653 |
| Property taxes (0.47% a year) | $39 |
| Homeowners insurance (our estimate, 0.5% a year) | $41 |
| FHA mortgage insurance | $44 |
| Total per month | $777 |
Change the numbers in the calculator
Questions about home buying in Lawrence County
What is the median home value in Lawrence County?
About $98,900 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Lawrence County?
Homeowners pay a median $461 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 Lawrence County?
For the median home with 20% down at 7.11%, the payment is about $612 a month. Keeping that under 28% of gross income takes about $26,237 a year.
More about Lawrence County
- Mortgage Refinance in Lawrence County
- Debt Relief in Lawrence County
- Home Equity Loans in Lawrence 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