The typical owner-occupied home in Gosnell is worth about $98,700, 48% below the Arkansas median of $188,000 and 70% below the national median of $332,700. Owners pay a median $644 a year in property taxes, about 0.65% of their home's value, higher than the Arkansas rate of 0.55%. The median household earns $61,130 a year, so the median home costs 1.6 times the median income (3.1 times for Arkansas). 70% of occupied homes here are lived in by their owners, and 54% of those owners still have a mortgage.
Gosnell at a glance
| Gosnell | Arkansas | U.S. | |
|---|---|---|---|
| Median home value | $98,700 | $188,000 | $332,700 |
| Median property tax paid per year | $644 | $1,040 | $3,119 |
| Property tax as a share of value | 0.65% | 0.55% | 0.94% |
| Median household income | $61,130 | $60,773 | $80,734 |
| Homes lived in by their owners | 70% | 66% | 65% |
| Owner homes with a mortgage | 54% | 53% | 61% |
| Median monthly costs, owners with a mortgage | $986 | $1,345 | $1,963 |
| Those costs as a share of the owners' income | 13.2% | 18.5% | 21.0% |
| Median rent | $891 | $947 | $1,413 |
| Rent as a share of renters' income | 40.5% | 27.6% | 30.6% |
| Median year homes were built | 1976 | 1987 | 1980 |
| Vacant homes | 19.8% | 13.5% | 10.1% |
| Population | 2,778 | 3,049,391 | 334,922,499 |
What a typical home costs per month in Gosnell
At this week's average 30-year rate of 7.11%, buying the median Gosnell home of $98,700 with 20% down costs about $626 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $790, 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 $26,818 for the 20%-down payment. That payment is 12% of the median Gosnell household income of $61,130; at that income and 20% down, the 28% guideline points to a home of about $225,000.
The median rent here is $891 a month, a little more than the monthly cost of owning the median home with 20% down.
| Down payment | $19,740 |
|---|---|
| Loan amount | $78,960 |
| Principal and interest | $531 |
| Property taxes (0.65% a year) | $53 |
| Homeowners insurance (our estimate, 0.5% a year) | $41 |
| PMI | $0 |
| Total per month | $626 |
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| Down payment | $3,454 |
|---|---|
| Loan amount | $96,912 |
| Principal and interest | $652 |
| Property taxes (0.65% a year) | $53 |
| Homeowners insurance (our estimate, 0.5% a year) | $41 |
| FHA mortgage insurance | $44 |
| Total per month | $790 |
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Questions about home buying in Gosnell
What is the median home value in Gosnell?
About $98,700 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Gosnell?
Homeowners pay a median $644 a year, which is about 0.65% 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 Gosnell?
For the median home with 20% down at 7.11%, the payment is about $626 a month. Keeping that under 28% of gross income takes about $26,818 a year.
More about Gosnell
- Mortgage Refinance in Gosnell
- Debt Relief in Gosnell
- Home Equity Loans in Gosnell
- 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