The typical owner-occupied home in Goodwin is worth about $87,500, 53% below the Arkansas median of $188,000 and 74% below the national median of $332,700. 100% of occupied homes here are lived in by their owners, and 4% of those owners still have a mortgage.
Goodwin at a glance
| Goodwin | Arkansas | U.S. | |
|---|---|---|---|
| Median home value | $87,500 | $188,000 | $332,700 |
| Median property tax paid per year | – | $1,040 | $3,119 |
| Median household income | – | $60,773 | $80,734 |
| Homes lived in by their owners | 100% | 66% | 65% |
| Owner homes with a mortgage | 4% | 53% | 61% |
| Median monthly costs, owners with a mortgage | – | $1,345 | $1,963 |
| Median rent | – | $947 | $1,413 |
| Median year homes were built | 1977 | 1987 | 1980 |
| Vacant homes | 41.0% | 13.5% | 10.1% |
| Population | 56 | 3,049,391 | 334,922,499 |
What a typical home costs per month in Goodwin
At this week's average 30-year rate of 7.11%, buying the median Goodwin home of $87,500 with 20% down costs about $588 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $733, 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 $25,181 for the 20%-down payment.
| Down payment | $17,500 |
|---|---|
| Loan amount | $70,000 |
| Principal and interest | $471 |
| Property taxes (1.10% a year) | $80 |
| Homeowners insurance (our estimate, 0.5% a year) | $36 |
| PMI | $0 |
| Total per month | $588 |
Change the numbers in the calculator
| Down payment | $3,062 |
|---|---|
| Loan amount | $85,915 |
| Principal and interest | $578 |
| Property taxes (1.10% a year) | $80 |
| Homeowners insurance (our estimate, 0.5% a year) | $36 |
| FHA mortgage insurance | $39 |
| Total per month | $733 |
Change the numbers in the calculator
Questions about home buying in Goodwin
What is the median home value in Goodwin?
About $87,500 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
What income do you need to buy a home in Goodwin?
For the median home with 20% down at 7.11%, the payment is about $588 a month. Keeping that under 28% of gross income takes about $25,181 a year.
More about Goodwin
- Mortgage Refinance in Goodwin
- Debt Relief in Goodwin
- Home Equity Loans in Goodwin
- 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