The typical owner-occupied home in Luxora is worth about $31,700, 83% below the Arkansas median of $188,000 and 90% below the national median of $332,700. Owners pay a median $199 a year in property taxes, about 0.63% of their home's value, higher than the Arkansas rate of 0.55%. 58% of occupied homes here are lived in by their owners, and 19% of those owners still have a mortgage.
Luxora at a glance
| Luxora | Arkansas | U.S. | |
|---|---|---|---|
| Median home value | $31,700 | $188,000 | $332,700 |
| Median property tax paid per year | $199 | $1,040 | $3,119 |
| Property tax as a share of value | 0.63% | 0.55% | 0.94% |
| Median household income | – | $60,773 | $80,734 |
| Homes lived in by their owners | 58% | 66% | 65% |
| Owner homes with a mortgage | 19% | 53% | 61% |
| Median monthly costs, owners with a mortgage | $440 | $1,345 | $1,963 |
| Those costs as a share of the owners' income | 17.5% | 18.5% | 21.0% |
| Median rent | $745 | $947 | $1,413 |
| Rent as a share of renters' income | 51.0% | 27.6% | 30.6% |
| Median year homes were built | 1972 | 1987 | 1980 |
| Vacant homes | 34.4% | 13.5% | 10.1% |
| Population | 741 | 3,049,391 | 334,922,499 |
What a typical home costs per month in Luxora
At this week's average 30-year rate of 7.11%, buying the median Luxora home of $31,700 with 20% down costs about $200 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $253, 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 $8,591 for the 20%-down payment.
The median rent here is $745 a month, a little more than the monthly cost of owning the median home with 20% down.
| Down payment | $6,340 |
|---|---|
| Loan amount | $25,360 |
| Principal and interest | $171 |
| Property taxes (0.63% a year) | $17 |
| Homeowners insurance (our estimate, 0.5% a year) | $13 |
| PMI | $0 |
| Total per month | $200 |
Change the numbers in the calculator
| Down payment | $1,110 |
|---|---|
| Loan amount | $31,126 |
| Principal and interest | $209 |
| Property taxes (0.63% a year) | $17 |
| Homeowners insurance (our estimate, 0.5% a year) | $13 |
| FHA mortgage insurance | $14 |
| Total per month | $253 |
Change the numbers in the calculator
Questions about home buying in Luxora
What is the median home value in Luxora?
About $31,700 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Luxora?
Homeowners pay a median $199 a year, which is about 0.63% 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 Luxora?
For the median home with 20% down at 7.11%, the payment is about $200 a month. Keeping that under 28% of gross income takes about $8,591 a year.
More about Luxora
- Mortgage Refinance in Luxora
- Debt Relief in Luxora
- Home Equity Loans in Luxora
- 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