The typical owner-occupied home in Smithville is worth about $92,500, 51% below the Arkansas median of $188,000 and 72% below the national median of $332,700. Owners pay a median $470 a year in property taxes, about 0.51% of their home's value, lower than the Arkansas rate of 0.55%. 71% of occupied homes here are lived in by their owners, and 76% of those owners still have a mortgage.
Smithville at a glance
| Smithville | Arkansas | U.S. | |
|---|---|---|---|
| Median home value | $92,500 | $188,000 | $332,700 |
| Median property tax paid per year | $470 | $1,040 | $3,119 |
| Property tax as a share of value | 0.51% | 0.55% | 0.94% |
| Median household income | – | $60,773 | $80,734 |
| Homes lived in by their owners | 71% | 66% | 65% |
| Owner homes with a mortgage | 76% | 53% | 61% |
| Median monthly costs, owners with a mortgage | $888 | $1,345 | $1,963 |
| Those costs as a share of the owners' income | 23.1% | 18.5% | 21.0% |
| Median rent | $1,042 | $947 | $1,413 |
| Rent as a share of renters' income | 51.0% | 27.6% | 30.6% |
| Median year homes were built | 1983 | 1987 | 1980 |
| Vacant homes | 5.4% | 13.5% | 10.1% |
| Population | 88 | 3,049,391 | 334,922,499 |
What a typical home costs per month in Smithville
At this week's average 30-year rate of 7.11%, buying the median Smithville home of $92,500 with 20% down costs about $576 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $730, 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 $24,671 for the 20%-down payment.
The median rent here is $1,042 a month, a little more than the monthly cost of owning the median home with 20% down.
| Down payment | $18,500 |
|---|---|
| Loan amount | $74,000 |
| Principal and interest | $498 |
| Property taxes (0.51% a year) | $39 |
| Homeowners insurance (our estimate, 0.5% a year) | $39 |
| PMI | $0 |
| Total per month | $576 |
Change the numbers in the calculator
| Down payment | $3,238 |
|---|---|
| Loan amount | $90,825 |
| Principal and interest | $611 |
| Property taxes (0.51% a year) | $39 |
| Homeowners insurance (our estimate, 0.5% a year) | $39 |
| FHA mortgage insurance | $41 |
| Total per month | $730 |
Change the numbers in the calculator
Questions about home buying in Smithville
What is the median home value in Smithville?
About $92,500 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Smithville?
Homeowners pay a median $470 a year, which is about 0.51% 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 Smithville?
For the median home with 20% down at 7.11%, the payment is about $576 a month. Keeping that under 28% of gross income takes about $24,671 a year.
More about Smithville
- Mortgage Refinance in Smithville
- Debt Relief in Smithville
- Home Equity Loans in Smithville
- 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