The typical owner-occupied home in Bassett is worth about $55,900, 70% below the Arkansas median of $188,000 and 83% below the national median of $332,700. Owners pay a median $560 a year in property taxes, about 1.00% of their home's value, higher than the Arkansas rate of 0.55%. The median household earns $49,688 a year, so the median home costs 1.1 times the median income (3.1 times for Arkansas). 98% of occupied homes here are lived in by their owners, and 38% of those owners still have a mortgage.
Bassett at a glance
| Bassett | Arkansas | U.S. | |
|---|---|---|---|
| Median home value | $55,900 | $188,000 | $332,700 |
| Median property tax paid per year | $560 | $1,040 | $3,119 |
| Property tax as a share of value | 1.00% | 0.55% | 0.94% |
| Median household income | $49,688 | $60,773 | $80,734 |
| Homes lived in by their owners | 98% | 66% | 65% |
| Owner homes with a mortgage | 38% | 53% | 61% |
| Median monthly costs, owners with a mortgage | $913 | $1,345 | $1,963 |
| Those costs as a share of the owners' income | 19.6% | 18.5% | 21.0% |
| Median rent | – | $947 | $1,413 |
| Median year homes were built | 1967 | 1987 | 1980 |
| Vacant homes | 14.9% | 13.5% | 10.1% |
| Population | 118 | 3,049,391 | 334,922,499 |
What a typical home costs per month in Bassett
At this week's average 30-year rate of 7.11%, buying the median Bassett home of $55,900 with 20% down costs about $371 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $464, 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 $15,888 for the 20%-down payment. That payment is 9% of the median Bassett household income of $49,688; at that income and 20% down, the 28% guideline points to a home of about $175,000.
| Down payment | $11,180 |
|---|---|
| Loan amount | $44,720 |
| Principal and interest | $301 |
| Property taxes (1.00% a year) | $47 |
| Homeowners insurance (our estimate, 0.5% a year) | $23 |
| PMI | $0 |
| Total per month | $371 |
Change the numbers in the calculator
| Down payment | $1,956 |
|---|---|
| Loan amount | $54,888 |
| Principal and interest | $369 |
| Property taxes (1.00% a year) | $47 |
| Homeowners insurance (our estimate, 0.5% a year) | $23 |
| FHA mortgage insurance | $25 |
| Total per month | $464 |
Change the numbers in the calculator
Questions about home buying in Bassett
What is the median home value in Bassett?
About $55,900 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Bassett?
Homeowners pay a median $560 a year, which is about 1.00% 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 Bassett?
For the median home with 20% down at 7.11%, the payment is about $371 a month. Keeping that under 28% of gross income takes about $15,888 a year.
More about Bassett
- Mortgage Refinance in Bassett
- Debt Relief in Bassett
- Home Equity Loans in Bassett
- 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