The typical owner-occupied home in Bull Shoals is worth about $158,100, 16% below the Arkansas median of $188,000 and 52% below the national median of $332,700. Owners pay a median $956 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 $41,976 a year, so the median home costs 3.8 times the median income (3.1 times for Arkansas). 70% of occupied homes here are lived in by their owners, and 43% of those owners still have a mortgage.
Bull Shoals at a glance
| Bull Shoals | Arkansas | U.S. | |
|---|---|---|---|
| Median home value | $158,100 | $188,000 | $332,700 |
| Median property tax paid per year | $956 | $1,040 | $3,119 |
| Property tax as a share of value | 0.60% | 0.55% | 0.94% |
| Median household income | $41,976 | $60,773 | $80,734 |
| Homes lived in by their owners | 70% | 66% | 65% |
| Owner homes with a mortgage | 43% | 53% | 61% |
| Median monthly costs, owners with a mortgage | $1,180 | $1,345 | $1,963 |
| Those costs as a share of the owners' income | 24.6% | 18.5% | 21.0% |
| Median rent | $715 | $947 | $1,413 |
| Rent as a share of renters' income | 28.5% | 27.6% | 30.6% |
| Median year homes were built | 1986 | 1987 | 1980 |
| Vacant homes | 29.7% | 13.5% | 10.1% |
| Population | 1,678 | 3,049,391 | 334,922,499 |
What a typical home costs per month in Bull Shoals
At this week's average 30-year rate of 7.11%, buying the median Bull Shoals home of $158,100 with 20% down costs about $996 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $1,259, 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 $42,676 for the 20%-down payment. That payment is 28% of the median Bull Shoals household income of $41,976; at that income and 20% down, the 28% guideline points to a home of about $156,000.
The median rent here is $715 a month, so owning the median home costs about $281 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $31,620 |
|---|---|
| Loan amount | $126,480 |
| Principal and interest | $851 |
| Property taxes (0.60% a year) | $79 |
| Homeowners insurance (our estimate, 0.5% a year) | $66 |
| PMI | $0 |
| Total per month | $996 |
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| Down payment | $5,534 |
|---|---|
| Loan amount | $155,236 |
| Principal and interest | $1,044 |
| Property taxes (0.60% a year) | $79 |
| Homeowners insurance (our estimate, 0.5% a year) | $66 |
| FHA mortgage insurance | $70 |
| Total per month | $1,259 |
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Questions about home buying in Bull Shoals
What is the median home value in Bull Shoals?
About $158,100 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Bull Shoals?
Homeowners pay a median $956 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 Bull Shoals?
For the median home with 20% down at 7.11%, the payment is about $996 a month. Keeping that under 28% of gross income takes about $42,676 a year.
More about Bull Shoals
- Mortgage Refinance in Bull Shoals
- Debt Relief in Bull Shoals
- Home Equity Loans in Bull Shoals
- 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