The typical owner-occupied home in Dumas is worth about $84,400, 55% below the Arkansas median of $188,000 and 75% below the national median of $332,700. Owners pay a median $468 a year in property taxes, about 0.55% of their home's value, close to the Arkansas rate of 0.55%. The median household earns $34,787 a year, so the median home costs 2.4 times the median income (3.1 times for Arkansas). 49% of occupied homes here are lived in by their owners, and 34% of those owners still have a mortgage.
Dumas at a glance
| Dumas | Arkansas | U.S. | |
|---|---|---|---|
| Median home value | $84,400 | $188,000 | $332,700 |
| Median property tax paid per year | $468 | $1,040 | $3,119 |
| Property tax as a share of value | 0.55% | 0.55% | 0.94% |
| Median household income | $34,787 | $60,773 | $80,734 |
| Homes lived in by their owners | 49% | 66% | 65% |
| Owner homes with a mortgage | 34% | 53% | 61% |
| Median monthly costs, owners with a mortgage | $921 | $1,345 | $1,963 |
| Those costs as a share of the owners' income | 27.8% | 18.5% | 21.0% |
| Median rent | $718 | $947 | $1,413 |
| Rent as a share of renters' income | 28.9% | 27.6% | 30.6% |
| Median year homes were built | 1977 | 1987 | 1980 |
| Vacant homes | 18.0% | 13.5% | 10.1% |
| Population | 3,768 | 3,049,391 | 334,922,499 |
What a typical home costs per month in Dumas
At this week's average 30-year rate of 7.11%, buying the median Dumas home of $84,400 with 20% down costs about $528 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $669, 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 $22,631 for the 20%-down payment. That payment is 18% of the median Dumas household income of $34,787; at that income and 20% down, the 28% guideline points to a home of about $130,000.
The median rent here is $718 a month, a little more than the monthly cost of owning the median home with 20% down.
| Down payment | $16,880 |
|---|---|
| Loan amount | $67,520 |
| Principal and interest | $454 |
| Property taxes (0.55% a year) | $39 |
| Homeowners insurance (our estimate, 0.5% a year) | $35 |
| PMI | $0 |
| Total per month | $528 |
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| Down payment | $2,954 |
|---|---|
| Loan amount | $82,871 |
| Principal and interest | $557 |
| Property taxes (0.55% a year) | $39 |
| Homeowners insurance (our estimate, 0.5% a year) | $35 |
| FHA mortgage insurance | $37 |
| Total per month | $669 |
Change the numbers in the calculator
Questions about home buying in Dumas
What is the median home value in Dumas?
About $84,400 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Dumas?
Homeowners pay a median $468 a year, which is about 0.55% 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 Dumas?
For the median home with 20% down at 7.11%, the payment is about $528 a month. Keeping that under 28% of gross income takes about $22,631 a year.
More about Dumas
- Mortgage Refinance in Dumas
- Debt Relief in Dumas
- Home Equity Loans in Dumas
- 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