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Buying a home in Casa, Arkansas

The typical owner-occupied home in Casa is worth about $63,800, 66% below the Arkansas median of $188,000 and 81% below the national median of $332,700. Owners pay a median $369 a year in property taxes, about 0.58% of their home's value, close to the Arkansas rate of 0.55%. The median household earns $73,889 a year, so the median home costs 0.9 times the median income (3.1 times for Arkansas). 70% of occupied homes here are lived in by their owners, and 28% of those owners still have a mortgage.

Casa at a glance

Casa Arkansas U.S.
Median home value $63,800 $188,000 $332,700
Median property tax paid per year $369 $1,040 $3,119
Property tax as a share of value 0.58% 0.55% 0.94%
Median household income $73,889 $60,773 $80,734
Homes lived in by their owners 70% 66% 65%
Owner homes with a mortgage 28% 53% 61%
Median monthly costs, owners with a mortgage $1,025 $1,345 $1,963
Those costs as a share of the owners' income 13.5% 18.5% 21.0%
Median rent $646 $947 $1,413
Rent as a share of renters' income 10.8% 27.6% 30.6%
Median year homes were built 1973 1987 1980
Vacant homes 41.7% 13.5% 10.1%
Population 206 3,049,391 334,922,499

What a typical home costs per month in Casa

At this week's average 30-year rate of 7.11%, buying the median Casa home of $63,800 with 20% down costs about $401 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $507, 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 $17,176 for the 20%-down payment. That payment is 7% of the median Casa household income of $73,889; at that income and 20% down, the 28% guideline points to a home of about $274,000.

The median rent here is $646 a month, a little more than the monthly cost of owning the median home with 20% down.

20% down, 30-year conventional loan
Down payment$12,760
Loan amount$51,040
Principal and interest$343
Property taxes (0.58% a year)$31
Homeowners insurance (our estimate, 0.5% a year)$27
PMI$0
Total per month$401

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3.5% down, 30-year FHA loan
Down payment$2,233
Loan amount$62,644
Principal and interest$421
Property taxes (0.58% a year)$31
Homeowners insurance (our estimate, 0.5% a year)$27
FHA mortgage insurance$28
Total per month$507

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Questions about home buying in Casa

What is the median home value in Casa?

About $63,800 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.

How much are property taxes in Casa?

Homeowners pay a median $369 a year, which is about 0.58% 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 Casa?

For the median home with 20% down at 7.11%, the payment is about $401 a month. Keeping that under 28% of gross income takes about $17,176 a year.

More about Casa

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