The typical owner-occupied home in Lexa is worth about $93,100, 50% below the Arkansas median of $188,000 and 72% below the national median of $332,700. Owners pay a median $364 a year in property taxes, about 0.39% of their home's value, lower than the Arkansas rate of 0.55%. The median household earns $45,089 a year, so the median home costs 2.1 times the median income (3.1 times for Arkansas). 56% of occupied homes here are lived in by their owners, and 0% of those owners still have a mortgage.
Lexa at a glance
| Lexa | Arkansas | U.S. | |
|---|---|---|---|
| Median home value | $93,100 | $188,000 | $332,700 |
| Median property tax paid per year | $364 | $1,040 | $3,119 |
| Property tax as a share of value | 0.39% | 0.55% | 0.94% |
| Median household income | $45,089 | $60,773 | $80,734 |
| Homes lived in by their owners | 56% | 66% | 65% |
| Owner homes with a mortgage | 0% | 53% | 61% |
| Median monthly costs, owners with a mortgage | – | $1,345 | $1,963 |
| Median rent | $713 | $947 | $1,413 |
| Rent as a share of renters' income | 22.5% | 27.6% | 30.6% |
| Median year homes were built | 1984 | 1987 | 1980 |
| Vacant homes | 26.7% | 13.5% | 10.1% |
| Population | 138 | 3,049,391 | 334,922,499 |
What a typical home costs per month in Lexa
At this week's average 30-year rate of 7.11%, buying the median Lexa home of $93,100 with 20% down costs about $570 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $725, 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 $24,432 for the 20%-down payment. That payment is 15% of the median Lexa household income of $45,089; at that income and 20% down, the 28% guideline points to a home of about $172,000.
The median rent here is $713 a month, a little more than the monthly cost of owning the median home with 20% down.
| Down payment | $18,620 |
|---|---|
| Loan amount | $74,480 |
| Principal and interest | $501 |
| Property taxes (0.39% a year) | $30 |
| Homeowners insurance (our estimate, 0.5% a year) | $39 |
| PMI | $0 |
| Total per month | $570 |
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| Down payment | $3,258 |
|---|---|
| Loan amount | $91,414 |
| Principal and interest | $615 |
| Property taxes (0.39% a year) | $30 |
| Homeowners insurance (our estimate, 0.5% a year) | $39 |
| FHA mortgage insurance | $41 |
| Total per month | $725 |
Change the numbers in the calculator
Questions about home buying in Lexa
What is the median home value in Lexa?
About $93,100 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Lexa?
Homeowners pay a median $364 a year, which is about 0.39% 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 Lexa?
For the median home with 20% down at 7.11%, the payment is about $570 a month. Keeping that under 28% of gross income takes about $24,432 a year.
More about Lexa
- Mortgage Refinance in Lexa
- Debt Relief in Lexa
- Home Equity Loans in Lexa
- 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