The typical owner-occupied home in Powhatan is worth about $115,600, 39% below the Arkansas median of $188,000 and 65% below the national median of $332,700. Owners pay a median $327 a year in property taxes, about 0.28% of their home's value, lower than the Arkansas rate of 0.55%. The median household earns $63,409 a year, so the median home costs 1.8 times the median income (3.1 times for Arkansas). 81% of occupied homes here are lived in by their owners, and 86% of those owners still have a mortgage.
Powhatan at a glance
| Powhatan | Arkansas | U.S. | |
|---|---|---|---|
| Median home value | $115,600 | $188,000 | $332,700 |
| Median property tax paid per year | $327 | $1,040 | $3,119 |
| Property tax as a share of value | 0.28% | 0.55% | 0.94% |
| Median household income | $63,409 | $60,773 | $80,734 |
| Homes lived in by their owners | 81% | 66% | 65% |
| Owner homes with a mortgage | 86% | 53% | 61% |
| Median monthly costs, owners with a mortgage | $943 | $1,345 | $1,963 |
| Those costs as a share of the owners' income | 13.6% | 18.5% | 21.0% |
| Median rent | – | $947 | $1,413 |
| Median year homes were built | 1977 | 1987 | 1980 |
| Vacant homes | 8.8% | 13.5% | 10.1% |
| Population | 173 | 3,049,391 | 334,922,499 |
What a typical home costs per month in Powhatan
At this week's average 30-year rate of 7.11%, buying the median Powhatan home of $115,600 with 20% down costs about $697 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $890, 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 $29,883 for the 20%-down payment. That payment is 13% of the median Powhatan household income of $63,409; at that income and 20% down, the 28% guideline points to a home of about $245,000.
| Down payment | $23,120 |
|---|---|
| Loan amount | $92,480 |
| Principal and interest | $622 |
| Property taxes (0.28% a year) | $27 |
| Homeowners insurance (our estimate, 0.5% a year) | $48 |
| PMI | $0 |
| Total per month | $697 |
Change the numbers in the calculator
| Down payment | $4,046 |
|---|---|
| Loan amount | $113,506 |
| Principal and interest | $764 |
| Property taxes (0.28% a year) | $27 |
| Homeowners insurance (our estimate, 0.5% a year) | $48 |
| FHA mortgage insurance | $51 |
| Total per month | $890 |
Change the numbers in the calculator
Questions about home buying in Powhatan
What is the median home value in Powhatan?
About $115,600 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Powhatan?
Homeowners pay a median $327 a year, which is about 0.28% 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 Powhatan?
For the median home with 20% down at 7.11%, the payment is about $697 a month. Keeping that under 28% of gross income takes about $29,883 a year.
More about Powhatan
- Mortgage Refinance in Powhatan
- Debt Relief in Powhatan
- Home Equity Loans in Powhatan
- 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