The typical owner-occupied home in Carlisle is worth about $164,400, 13% below the Arkansas median of $188,000 and 51% below the national median of $332,700. Owners pay a median $952 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 $41,713 a year, so the median home costs 3.9 times the median income (3.1 times for Arkansas). 76% of occupied homes here are lived in by their owners, and 60% of those owners still have a mortgage.
Carlisle at a glance
| Carlisle | Arkansas | U.S. | |
|---|---|---|---|
| Median home value | $164,400 | $188,000 | $332,700 |
| Median property tax paid per year | $952 | $1,040 | $3,119 |
| Property tax as a share of value | 0.58% | 0.55% | 0.94% |
| Median household income | $41,713 | $60,773 | $80,734 |
| Homes lived in by their owners | 76% | 66% | 65% |
| Owner homes with a mortgage | 60% | 53% | 61% |
| Median monthly costs, owners with a mortgage | $1,211 | $1,345 | $1,963 |
| Those costs as a share of the owners' income | 19.9% | 18.5% | 21.0% |
| Median rent | $657 | $947 | $1,413 |
| Rent as a share of renters' income | 28.1% | 27.6% | 30.6% |
| Median year homes were built | 1977 | 1987 | 1980 |
| Vacant homes | 17.6% | 13.5% | 10.1% |
| Population | 2,227 | 3,049,391 | 334,922,499 |
What a typical home costs per month in Carlisle
At this week's average 30-year rate of 7.11%, buying the median Carlisle home of $164,400 with 20% down costs about $1,033 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $1,307, 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 $44,259 for the 20%-down payment. That payment is 30% of the median Carlisle household income of $41,713; at that income and 20% down, the 28% guideline points to a home of about $155,000.
The median rent here is $657 a month, so owning the median home costs about $376 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $32,880 |
|---|---|
| Loan amount | $131,520 |
| Principal and interest | $885 |
| Property taxes (0.58% a year) | $79 |
| Homeowners insurance (our estimate, 0.5% a year) | $68 |
| PMI | $0 |
| Total per month | $1,033 |
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| Down payment | $5,754 |
|---|---|
| Loan amount | $161,422 |
| Principal and interest | $1,086 |
| Property taxes (0.58% a year) | $79 |
| Homeowners insurance (our estimate, 0.5% a year) | $68 |
| FHA mortgage insurance | $73 |
| Total per month | $1,307 |
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Questions about home buying in Carlisle
What is the median home value in Carlisle?
About $164,400 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Carlisle?
Homeowners pay a median $952 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 Carlisle?
For the median home with 20% down at 7.11%, the payment is about $1,033 a month. Keeping that under 28% of gross income takes about $44,259 a year.
More about Carlisle
- Mortgage Refinance in Carlisle
- Debt Relief in Carlisle
- Home Equity Loans in Carlisle
- 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