The typical owner-occupied home in Goshen is worth about $670,200, 3.6 times the Arkansas median of $188,000 and 2.0 times the national median of $332,700. Owners pay a median $3,917 a year in property taxes, about 0.58% of their home's value, higher than the Arkansas rate of 0.55%. The median household earns $150,074 a year, so the median home costs 4.5 times the median income (3.1 times for Arkansas). 96% of occupied homes here are lived in by their owners, and 78% of those owners still have a mortgage.
Goshen at a glance
| Goshen | Arkansas | U.S. | |
|---|---|---|---|
| Median home value | $670,200 | $188,000 | $332,700 |
| Median property tax paid per year | $3,917 | $1,040 | $3,119 |
| Property tax as a share of value | 0.58% | 0.55% | 0.94% |
| Median household income | $150,074 | $60,773 | $80,734 |
| Homes lived in by their owners | 96% | 66% | 65% |
| Owner homes with a mortgage | 78% | 53% | 61% |
| Median monthly costs, owners with a mortgage | $3,133 | $1,345 | $1,963 |
| Those costs as a share of the owners' income | 19.8% | 18.5% | 21.0% |
| Median rent | $1,068 | $947 | $1,413 |
| Rent as a share of renters' income | 29.1% | 27.6% | 30.6% |
| Median year homes were built | 2010 | 1987 | 1980 |
| Vacant homes | 4.2% | 13.5% | 10.1% |
| Population | 2,298 | 3,049,391 | 334,922,499 |
What a typical home costs per month in Goshen
At this week's average 30-year rate of 7.11%, buying the median Goshen home of $670,200 with 20% down costs about $4,210 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $5,326, 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 $180,427 for the 20%-down payment. That payment is 34% of the median Goshen household income of $150,074; at that income and 20% down, the 28% guideline points to a home of about $557,000.
The median rent here is $1,068 a month, so owning the median home costs about $3,142 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $134,040 |
|---|---|
| Loan amount | $536,160 |
| Principal and interest | $3,607 |
| Property taxes (0.58% a year) | $324 |
| Homeowners insurance (our estimate, 0.5% a year) | $279 |
| PMI | $0 |
| Total per month | $4,210 |
Change the numbers in the calculator
| Down payment | $23,457 |
|---|---|
| Loan amount | $658,061 |
| Principal and interest | $4,427 |
| Property taxes (0.58% a year) | $324 |
| Homeowners insurance (our estimate, 0.5% a year) | $279 |
| FHA mortgage insurance | $296 |
| Total per month | $5,326 |
Change the numbers in the calculator
Questions about home buying in Goshen
What is the median home value in Goshen?
About $670,200 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Goshen?
Homeowners pay a median $3,917 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 Goshen?
For the median home with 20% down at 7.11%, the payment is about $4,210 a month. Keeping that under 28% of gross income takes about $180,427 a year.
More about Goshen
- Mortgage Refinance in Goshen
- Debt Relief in Goshen
- Home Equity Loans in Goshen
- 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