The typical owner-occupied home in West Point is worth about $72,200, 62% below the Arkansas median of $188,000 and 78% below the national median of $332,700. Owners pay a median $279 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 $26,667 a year, so the median home costs 2.7 times the median income (3.1 times for Arkansas). 91% of occupied homes here are lived in by their owners, and 35% of those owners still have a mortgage.
West Point at a glance
| West Point | Arkansas | U.S. | |
|---|---|---|---|
| Median home value | $72,200 | $188,000 | $332,700 |
| Median property tax paid per year | $279 | $1,040 | $3,119 |
| Property tax as a share of value | 0.39% | 0.55% | 0.94% |
| Median household income | $26,667 | $60,773 | $80,734 |
| Homes lived in by their owners | 91% | 66% | 65% |
| Owner homes with a mortgage | 35% | 53% | 61% |
| Median monthly costs, owners with a mortgage | – | $1,345 | $1,963 |
| Median rent | – | $947 | $1,413 |
| Median year homes were built | 1976 | 1987 | 1980 |
| Vacant homes | 56.9% | 13.5% | 10.1% |
| Population | 93 | 3,049,391 | 334,922,499 |
What a typical home costs per month in West Point
At this week's average 30-year rate of 7.11%, buying the median West Point home of $72,200 with 20% down costs about $442 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $562, 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 $18,948 for the 20%-down payment. That payment is 20% of the median West Point household income of $26,667; at that income and 20% down, the 28% guideline points to a home of about $102,000.
| Down payment | $14,440 |
|---|---|
| Loan amount | $57,760 |
| Principal and interest | $389 |
| Property taxes (0.39% a year) | $23 |
| Homeowners insurance (our estimate, 0.5% a year) | $30 |
| PMI | $0 |
| Total per month | $442 |
Change the numbers in the calculator
| Down payment | $2,527 |
|---|---|
| Loan amount | $70,892 |
| Principal and interest | $477 |
| Property taxes (0.39% a year) | $23 |
| Homeowners insurance (our estimate, 0.5% a year) | $30 |
| FHA mortgage insurance | $32 |
| Total per month | $562 |
Change the numbers in the calculator
Questions about home buying in West Point
What is the median home value in West Point?
About $72,200 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in West Point?
Homeowners pay a median $279 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 West Point?
For the median home with 20% down at 7.11%, the payment is about $442 a month. Keeping that under 28% of gross income takes about $18,948 a year.
More about West Point
- Mortgage Refinance in West Point
- Debt Relief in West Point
- Home Equity Loans in West Point
- 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