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Buying a home in Gould, Arkansas

The typical owner-occupied home in Gould is worth about $56,900, 70% below the Arkansas median of $188,000 and 83% below the national median of $332,700. Owners pay a median $328 a year in property taxes, about 0.58% of their home's value, close to the Arkansas rate of 0.55%. The median household earns $32,805 a year, so the median home costs 1.7 times the median income (3.1 times for Arkansas). 69% of occupied homes here are lived in by their owners, and 6% of those owners still have a mortgage.

Gould at a glance

Gould Arkansas U.S.
Median home value $56,900 $188,000 $332,700
Median property tax paid per year $328 $1,040 $3,119
Property tax as a share of value 0.58% 0.55% 0.94%
Median household income $32,805 $60,773 $80,734
Homes lived in by their owners 69% 66% 65%
Owner homes with a mortgage 6% 53% 61%
Median monthly costs, owners with a mortgage – $1,345 $1,963
Median rent $711 $947 $1,413
Rent as a share of renters' income 26.4% 27.6% 30.6%
Median year homes were built 1973 1987 1980
Vacant homes 20.5% 13.5% 10.1%
Population 661 3,049,391 334,922,499

What a typical home costs per month in Gould

At this week's average 30-year rate of 7.11%, buying the median Gould home of $56,900 with 20% down costs about $357 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $452, 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 $15,318 for the 20%-down payment. That payment is 13% of the median Gould household income of $32,805; at that income and 20% down, the 28% guideline points to a home of about $122,000.

The median rent here is $711 a month, a little more than the monthly cost of owning the median home with 20% down.

20% down, 30-year conventional loan
Down payment$11,380
Loan amount$45,520
Principal and interest$306
Property taxes (0.58% a year)$28
Homeowners insurance (our estimate, 0.5% a year)$24
PMI$0
Total per month$357

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3.5% down, 30-year FHA loan
Down payment$1,992
Loan amount$55,869
Principal and interest$376
Property taxes (0.58% a year)$28
Homeowners insurance (our estimate, 0.5% a year)$24
FHA mortgage insurance$25
Total per month$452

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Questions about home buying in Gould

What is the median home value in Gould?

About $56,900 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.

How much are property taxes in Gould?

Homeowners pay a median $328 a year, which is about 0.58% 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 Gould?

For the median home with 20% down at 7.11%, the payment is about $357 a month. Keeping that under 28% of gross income takes about $15,318 a year.

More about Gould

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