The typical owner-occupied home in Stephens is worth about $70,700, 62% below the Arkansas median of $188,000 and 79% below the national median of $332,700. Owners pay a median $469 a year in property taxes, about 0.66% of their home's value, higher than the Arkansas rate of 0.55%. The median household earns $61,518 a year, so the median home costs 1.1 times the median income (3.1 times for Arkansas). 76% of occupied homes here are lived in by their owners, and 57% of those owners still have a mortgage.
Stephens at a glance
| Stephens | Arkansas | U.S. | |
|---|---|---|---|
| Median home value | $70,700 | $188,000 | $332,700 |
| Median property tax paid per year | $469 | $1,040 | $3,119 |
| Property tax as a share of value | 0.66% | 0.55% | 0.94% |
| Median household income | $61,518 | $60,773 | $80,734 |
| Homes lived in by their owners | 76% | 66% | 65% |
| Owner homes with a mortgage | 57% | 53% | 61% |
| Median monthly costs, owners with a mortgage | $1,242 | $1,345 | $1,963 |
| Those costs as a share of the owners' income | 21.1% | 18.5% | 21.0% |
| Median rent | $446 | $947 | $1,413 |
| Rent as a share of renters' income | 33.8% | 27.6% | 30.6% |
| Median year homes were built | 1964 | 1987 | 1980 |
| Vacant homes | 28.2% | 13.5% | 10.1% |
| Population | 1,099 | 3,049,391 | 334,922,499 |
What a typical home costs per month in Stephens
At this week's average 30-year rate of 7.11%, buying the median Stephens home of $70,700 with 20% down costs about $449 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $567, 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 $19,235 for the 20%-down payment. That payment is 9% of the median Stephens household income of $61,518; at that income and 20% down, the 28% guideline points to a home of about $226,000.
The median rent here is $446 a month, so owning the median home costs about $3 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $14,140 |
|---|---|
| Loan amount | $56,560 |
| Principal and interest | $380 |
| Property taxes (0.66% a year) | $39 |
| Homeowners insurance (our estimate, 0.5% a year) | $29 |
| PMI | $0 |
| Total per month | $449 |
Change the numbers in the calculator
| Down payment | $2,474 |
|---|---|
| Loan amount | $69,419 |
| Principal and interest | $467 |
| Property taxes (0.66% a year) | $39 |
| Homeowners insurance (our estimate, 0.5% a year) | $29 |
| FHA mortgage insurance | $31 |
| Total per month | $567 |
Change the numbers in the calculator
Questions about home buying in Stephens
What is the median home value in Stephens?
About $70,700 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Stephens?
Homeowners pay a median $469 a year, which is about 0.66% 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 Stephens?
For the median home with 20% down at 7.11%, the payment is about $449 a month. Keeping that under 28% of gross income takes about $19,235 a year.
More about Stephens
- Mortgage Refinance in Stephens
- Debt Relief in Stephens
- Home Equity Loans in Stephens
- 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