The typical owner-occupied home in England is worth about $88,400, 53% below the Arkansas median of $188,000 and 73% below the national median of $332,700. Owners pay a median $534 a year in property taxes, about 0.60% of their home's value, higher than the Arkansas rate of 0.55%. The median household earns $46,544 a year, so the median home costs 1.9 times the median income (3.1 times for Arkansas). 58% of occupied homes here are lived in by their owners, and 31% of those owners still have a mortgage.
England at a glance
| England | Arkansas | U.S. | |
|---|---|---|---|
| Median home value | $88,400 | $188,000 | $332,700 |
| Median property tax paid per year | $534 | $1,040 | $3,119 |
| Property tax as a share of value | 0.60% | 0.55% | 0.94% |
| Median household income | $46,544 | $60,773 | $80,734 |
| Homes lived in by their owners | 58% | 66% | 65% |
| Owner homes with a mortgage | 31% | 53% | 61% |
| Median monthly costs, owners with a mortgage | $1,102 | $1,345 | $1,963 |
| Those costs as a share of the owners' income | 14.5% | 18.5% | 21.0% |
| Median rent | $760 | $947 | $1,413 |
| Rent as a share of renters' income | 23.9% | 27.6% | 30.6% |
| Median year homes were built | 1973 | 1987 | 1980 |
| Vacant homes | 11.3% | 13.5% | 10.1% |
| Population | 2,294 | 3,049,391 | 334,922,499 |
What a typical home costs per month in England
At this week's average 30-year rate of 7.11%, buying the median England home of $88,400 with 20% down costs about $557 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $704, 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 $23,862 for the 20%-down payment. That payment is 14% of the median England household income of $46,544; at that income and 20% down, the 28% guideline points to a home of about $172,000.
The median rent here is $760 a month, a little more than the monthly cost of owning the median home with 20% down.
| Down payment | $17,680 |
|---|---|
| Loan amount | $70,720 |
| Principal and interest | $476 |
| Property taxes (0.60% a year) | $44 |
| Homeowners insurance (our estimate, 0.5% a year) | $37 |
| PMI | $0 |
| Total per month | $557 |
Change the numbers in the calculator
| Down payment | $3,094 |
|---|---|
| Loan amount | $86,799 |
| Principal and interest | $584 |
| Property taxes (0.60% a year) | $44 |
| Homeowners insurance (our estimate, 0.5% a year) | $37 |
| FHA mortgage insurance | $39 |
| Total per month | $704 |
Change the numbers in the calculator
Questions about home buying in England
What is the median home value in England?
About $88,400 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in England?
Homeowners pay a median $534 a year, which is about 0.60% 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 England?
For the median home with 20% down at 7.11%, the payment is about $557 a month. Keeping that under 28% of gross income takes about $23,862 a year.
More about England
- Mortgage Refinance in England
- Debt Relief in England
- Home Equity Loans in England
- 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