The typical owner-occupied home in Alleene is worth about $147,900, 21% below the Arkansas median of $188,000 and 56% below the national median of $332,700. 75% of occupied homes here are lived in by their owners, and 76% of those owners still have a mortgage.
Alleene at a glance
| Alleene | Arkansas | U.S. | |
|---|---|---|---|
| Median home value | $147,900 | $188,000 | $332,700 |
| Median property tax paid per year | – | $1,040 | $3,119 |
| Median household income | – | $60,773 | $80,734 |
| Homes lived in by their owners | 75% | 66% | 65% |
| Owner homes with a mortgage | 76% | 53% | 61% |
| Median monthly costs, owners with a mortgage | – | $1,345 | $1,963 |
| Median rent | – | $947 | $1,413 |
| Median year homes were built | 1992 | 1987 | 1980 |
| Vacant homes | 26.3% | 13.5% | 10.1% |
| Population | 96 | 3,049,391 | 334,922,499 |
What a typical home costs per month in Alleene
At this week's average 30-year rate of 7.11%, buying the median Alleene home of $147,900 with 20% down costs about $993 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $1,240, 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 $42,564 for the 20%-down payment.
| Down payment | $29,580 |
|---|---|
| Loan amount | $118,320 |
| Principal and interest | $796 |
| Property taxes (1.10% a year) | $136 |
| Homeowners insurance (our estimate, 0.5% a year) | $62 |
| PMI | $0 |
| Total per month | $993 |
Change the numbers in the calculator
| Down payment | $5,176 |
|---|---|
| Loan amount | $145,221 |
| Principal and interest | $977 |
| Property taxes (1.10% a year) | $136 |
| Homeowners insurance (our estimate, 0.5% a year) | $62 |
| FHA mortgage insurance | $65 |
| Total per month | $1,240 |
Change the numbers in the calculator
Questions about home buying in Alleene
What is the median home value in Alleene?
About $147,900 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
What income do you need to buy a home in Alleene?
For the median home with 20% down at 7.11%, the payment is about $993 a month. Keeping that under 28% of gross income takes about $42,564 a year.
More about Alleene
- Mortgage Refinance in Alleene
- Debt Relief in Alleene
- Home Equity Loans in Alleene
- 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