The typical owner-occupied home in Calion is worth about $89,400, 52% below the Arkansas median of $188,000 and 73% below the national median of $332,700. Owners pay a median $298 a year in property taxes, about 0.33% of their home's value, lower than the Arkansas rate of 0.55%. The median household earns $41,417 a year, so the median home costs 2.2 times the median income (3.1 times for Arkansas). 86% of occupied homes here are lived in by their owners, and 28% of those owners still have a mortgage.
Calion at a glance
| Calion | Arkansas | U.S. | |
|---|---|---|---|
| Median home value | $89,400 | $188,000 | $332,700 |
| Median property tax paid per year | $298 | $1,040 | $3,119 |
| Property tax as a share of value | 0.33% | 0.55% | 0.94% |
| Median household income | $41,417 | $60,773 | $80,734 |
| Homes lived in by their owners | 86% | 66% | 65% |
| Owner homes with a mortgage | 28% | 53% | 61% |
| Median monthly costs, owners with a mortgage | $1,034 | $1,345 | $1,963 |
| Those costs as a share of the owners' income | 40.7% | 18.5% | 21.0% |
| Median rent | – | $947 | $1,413 |
| Median year homes were built | 1981 | 1987 | 1980 |
| Vacant homes | 28.8% | 13.5% | 10.1% |
| Population | 355 | 3,049,391 | 334,922,499 |
What a typical home costs per month in Calion
At this week's average 30-year rate of 7.11%, buying the median Calion home of $89,400 with 20% down costs about $543 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $692, 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 $23,270 for the 20%-down payment. That payment is 16% of the median Calion household income of $41,417; at that income and 20% down, the 28% guideline points to a home of about $159,000.
| Down payment | $17,880 |
|---|---|
| Loan amount | $71,520 |
| Principal and interest | $481 |
| Property taxes (0.33% a year) | $25 |
| Homeowners insurance (our estimate, 0.5% a year) | $37 |
| PMI | $0 |
| Total per month | $543 |
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| Down payment | $3,129 |
|---|---|
| Loan amount | $87,781 |
| Principal and interest | $591 |
| Property taxes (0.33% a year) | $25 |
| Homeowners insurance (our estimate, 0.5% a year) | $37 |
| FHA mortgage insurance | $40 |
| Total per month | $692 |
Change the numbers in the calculator
Questions about home buying in Calion
What is the median home value in Calion?
About $89,400 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Calion?
Homeowners pay a median $298 a year, which is about 0.33% 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 Calion?
For the median home with 20% down at 7.11%, the payment is about $543 a month. Keeping that under 28% of gross income takes about $23,270 a year.
More about Calion
- Mortgage Refinance in Calion
- Debt Relief in Calion
- Home Equity Loans in Calion
- 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