The typical owner-occupied home in Summers is worth about $162,500, 14% below the Arkansas median of $188,000 and 51% below the national median of $332,700. Owners pay a median $1,169 a year in property taxes, about 0.72% of their home's value, higher than the Arkansas rate of 0.55%. The median household earns $65,645 a year, so the median home costs 2.5 times the median income (3.1 times for Arkansas). 89% of occupied homes here are lived in by their owners, and 76% of those owners still have a mortgage.
Summers at a glance
| Summers | Arkansas | U.S. | |
|---|---|---|---|
| Median home value | $162,500 | $188,000 | $332,700 |
| Median property tax paid per year | $1,169 | $1,040 | $3,119 |
| Property tax as a share of value | 0.72% | 0.55% | 0.94% |
| Median household income | $65,645 | $60,773 | $80,734 |
| Homes lived in by their owners | 89% | 66% | 65% |
| Owner homes with a mortgage | 76% | 53% | 61% |
| Median monthly costs, owners with a mortgage | – | $1,345 | $1,963 |
| Median rent | – | $947 | $1,413 |
| Median year homes were built | 1992 | 1987 | 1980 |
| Vacant homes | 25.8% | 13.5% | 10.1% |
| Population | 267 | 3,049,391 | 334,922,499 |
What a typical home costs per month in Summers
At this week's average 30-year rate of 7.11%, buying the median Summers home of $162,500 with 20% down costs about $1,040 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $1,310, 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 $44,560 for the 20%-down payment. That payment is 19% of the median Summers household income of $65,645; at that income and 20% down, the 28% guideline points to a home of about $239,000.
| Down payment | $32,500 |
|---|---|
| Loan amount | $130,000 |
| Principal and interest | $875 |
| Property taxes (0.72% a year) | $98 |
| Homeowners insurance (our estimate, 0.5% a year) | $68 |
| PMI | $0 |
| Total per month | $1,040 |
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| Down payment | $5,688 |
|---|---|
| Loan amount | $159,557 |
| Principal and interest | $1,073 |
| Property taxes (0.72% a year) | $98 |
| Homeowners insurance (our estimate, 0.5% a year) | $68 |
| FHA mortgage insurance | $72 |
| Total per month | $1,310 |
Change the numbers in the calculator
Questions about home buying in Summers
What is the median home value in Summers?
About $162,500 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Summers?
Homeowners pay a median $1,169 a year, which is about 0.72% 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 Summers?
For the median home with 20% down at 7.11%, the payment is about $1,040 a month. Keeping that under 28% of gross income takes about $44,560 a year.
More about Summers
- Mortgage Refinance in Summers
- Debt Relief in Summers
- Home Equity Loans in Summers
- 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