The typical owner-occupied home in Moro is worth about $18,100, 90% below the Arkansas median of $188,000 and 95% below the national median of $332,700. Owners pay a median $199 a year in property taxes, about 1.10% of their home's value, higher than the Arkansas rate of 0.55%. The median household earns $41,442 a year, so the median home costs 0.4 times the median income (3.1 times for Arkansas). 65% of occupied homes here are lived in by their owners, and 15% of those owners still have a mortgage.
Moro at a glance
| Moro | Arkansas | U.S. | |
|---|---|---|---|
| Median home value | $18,100 | $188,000 | $332,700 |
| Median property tax paid per year | $199 | $1,040 | $3,119 |
| Property tax as a share of value | 1.10% | 0.55% | 0.94% |
| Median household income | $41,442 | $60,773 | $80,734 |
| Homes lived in by their owners | 65% | 66% | 65% |
| Owner homes with a mortgage | 15% | 53% | 61% |
| Median monthly costs, owners with a mortgage | $825 | $1,345 | $1,963 |
| Those costs as a share of the owners' income | 16.0% | 18.5% | 21.0% |
| Median rent | $705 | $947 | $1,413 |
| Rent as a share of renters' income | 16.3% | 27.6% | 30.6% |
| Median year homes were built | 1983 | 1987 | 1980 |
| Vacant homes | 15.4% | 13.5% | 10.1% |
| Population | 264 | 3,049,391 | 334,922,499 |
What a typical home costs per month in Moro
At this week's average 30-year rate of 7.11%, buying the median Moro home of $18,100 with 20% down costs about $122 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $152, 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 $5,209 for the 20%-down payment. That payment is 4% of the median Moro household income of $41,442; at that income and 20% down, the 28% guideline points to a home of about $144,000.
The median rent here is $705 a month, a little more than the monthly cost of owning the median home with 20% down.
| Down payment | $3,620 |
|---|---|
| Loan amount | $14,480 |
| Principal and interest | $97 |
| Property taxes (1.10% a year) | $17 |
| Homeowners insurance (our estimate, 0.5% a year) | $8 |
| PMI | $0 |
| Total per month | $122 |
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| Down payment | $634 |
|---|---|
| Loan amount | $17,772 |
| Principal and interest | $120 |
| Property taxes (1.10% a year) | $17 |
| Homeowners insurance (our estimate, 0.5% a year) | $8 |
| FHA mortgage insurance | $8 |
| Total per month | $152 |
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Questions about home buying in Moro
What is the median home value in Moro?
About $18,100 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Moro?
Homeowners pay a median $199 a year, which is about 1.10% 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 Moro?
For the median home with 20% down at 7.11%, the payment is about $122 a month. Keeping that under 28% of gross income takes about $5,209 a year.
More about Moro
- Mortgage Refinance in Moro
- Debt Relief in Moro
- Home Equity Loans in Moro
- 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