The typical owner-occupied home in Coy is worth about $98,800, 47% below the Arkansas median of $188,000 and 70% below the national median of $332,700. The median household earns $60,313 a year, so the median home costs 1.6 times the median income (3.1 times for Arkansas). 100% of occupied homes here are lived in by their owners, and 13% of those owners still have a mortgage.
Coy at a glance
| Coy | Arkansas | U.S. | |
|---|---|---|---|
| Median home value | $98,800 | $188,000 | $332,700 |
| Median property tax paid per year | – | $1,040 | $3,119 |
| Median household income | $60,313 | $60,773 | $80,734 |
| Homes lived in by their owners | 100% | 66% | 65% |
| Owner homes with a mortgage | 13% | 53% | 61% |
| Median monthly costs, owners with a mortgage | – | $1,345 | $1,963 |
| Median rent | – | $947 | $1,413 |
| Median year homes were built | 1984 | 1987 | 1980 |
| Vacant homes | 14.8% | 13.5% | 10.1% |
| Population | 60 | 3,049,391 | 334,922,499 |
What a typical home costs per month in Coy
At this week's average 30-year rate of 7.11%, buying the median Coy home of $98,800 with 20% down costs about $663 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $828, 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 $28,433 for the 20%-down payment. That payment is 13% of the median Coy household income of $60,313; at that income and 20% down, the 28% guideline points to a home of about $210,000.
| Down payment | $19,760 |
|---|---|
| Loan amount | $79,040 |
| Principal and interest | $532 |
| Property taxes (1.10% a year) | $91 |
| Homeowners insurance (our estimate, 0.5% a year) | $41 |
| PMI | $0 |
| Total per month | $663 |
Change the numbers in the calculator
| Down payment | $3,458 |
|---|---|
| Loan amount | $97,010 |
| Principal and interest | $653 |
| Property taxes (1.10% a year) | $91 |
| Homeowners insurance (our estimate, 0.5% a year) | $41 |
| FHA mortgage insurance | $44 |
| Total per month | $828 |
Change the numbers in the calculator
Questions about home buying in Coy
What is the median home value in Coy?
About $98,800 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 Coy?
For the median home with 20% down at 7.11%, the payment is about $663 a month. Keeping that under 28% of gross income takes about $28,433 a year.
More about Coy
- Mortgage Refinance in Coy
- Debt Relief in Coy
- Home Equity Loans in Coy
- 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