The typical owner-occupied home in Benton County is worth about $105,100, 38% below the Mississippi median of $169,800 and 68% below the national median of $332,700. Owners pay a median $720 a year in property taxes, about 0.69% of their home's value, close to the Mississippi rate of 0.72%. The median household earns $46,016 a year, so the median home costs 2.3 times the median income (3.0 times for Mississippi). 86% of occupied homes here are lived in by their owners, and 48% of those owners still have a mortgage.
Benton County at a glance
| Benton County | Mississippi | U.S. | |
|---|---|---|---|
| Median home value | $105,100 | $169,800 | $332,700 |
| Median property tax paid per year | $720 | $1,215 | $3,119 |
| Property tax as a share of value | 0.69% | 0.72% | 0.94% |
| Median household income | $46,016 | $56,447 | $80,734 |
| Homes lived in by their owners | 86% | 70% | 65% |
| Owner homes with a mortgage | 48% | 49% | 61% |
| Median monthly costs, owners with a mortgage | $1,099 | $1,394 | $1,963 |
| Those costs as a share of the owners' income | 21.4% | 19.8% | 21.0% |
| Median rent | $731 | $954 | $1,413 |
| Rent as a share of renters' income | 24.9% | 30.7% | 30.6% |
| Median year homes were built | 1985 | 1986 | 1980 |
| Vacant homes | 24.9% | 14.6% | 10.1% |
| Population | 7,589 | 2,946,779 | 334,922,499 |
What a typical home costs per month in Benton County
At this week's average 30-year rate of 7.11%, buying the median Benton County home of $105,100 with 20% down costs about $670 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $845, 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 $28,707 for the 20%-down payment. That payment is 17% of the median Benton County household income of $46,016; at that income and 20% down, the 28% guideline points to a home of about $168,000.
The median rent here is $731 a month, a little more than the monthly cost of owning the median home with 20% down.
| Down payment | $21,020 |
|---|---|
| Loan amount | $84,080 |
| Principal and interest | $566 |
| Property taxes (0.69% a year) | $60 |
| Homeowners insurance (our estimate, 0.5% a year) | $44 |
| PMI | $0 |
| Total per month | $670 |
Change the numbers in the calculator
| Down payment | $3,678 |
|---|---|
| Loan amount | $103,196 |
| Principal and interest | $694 |
| Property taxes (0.69% a year) | $60 |
| Homeowners insurance (our estimate, 0.5% a year) | $44 |
| FHA mortgage insurance | $46 |
| Total per month | $845 |
Change the numbers in the calculator
Questions about home buying in Benton County
What is the median home value in Benton County?
About $105,100 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Benton County?
Homeowners pay a median $720 a year, which is about 0.69% 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 Benton County?
For the median home with 20% down at 7.11%, the payment is about $670 a month. Keeping that under 28% of gross income takes about $28,707 a year.
More about Benton County
- Mortgage Refinance in Benton County
- Debt Relief in Benton County
- Home Equity Loans in Benton County
- 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