The typical owner-occupied home in Arcola is worth about $92,500, 60% below the Missouri median of $230,300 and 72% below the national median of $332,700. Owners pay a median $567 a year in property taxes, about 0.61% of their home's value, lower than the Missouri rate of 0.85%. The median household earns $96,250 a year, so the median home costs 1.0 times the median income (3.3 times for Missouri). 62% of occupied homes here are lived in by their owners, and 60% of those owners still have a mortgage.
Arcola at a glance
| Arcola | Missouri | U.S. | |
|---|---|---|---|
| Median home value | $92,500 | $230,300 | $332,700 |
| Median property tax paid per year | $567 | $1,948 | $3,119 |
| Property tax as a share of value | 0.61% | 0.85% | 0.94% |
| Median household income | $96,250 | $70,702 | $80,734 |
| Homes lived in by their owners | 62% | 68% | 65% |
| Owner homes with a mortgage | 60% | 60% | 61% |
| Median monthly costs, owners with a mortgage | – | $1,524 | $1,963 |
| Median rent | – | $1,033 | $1,413 |
| Median year homes were built | 1968 | 1978 | 1980 |
| Vacant homes | 74.2% | 11.2% | 10.1% |
| Population | 34 | 6,191,814 | 334,922,499 |
What a typical home costs per month in Arcola
At this week's average 30-year rate of 7.11%, buying the median Arcola home of $92,500 with 20% down costs about $583 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $737, 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 $25,001 for the 20%-down payment. That payment is 7% of the median Arcola household income of $96,250; at that income and 20% down, the 28% guideline points to a home of about $356,000.
| Down payment | $18,500 |
|---|---|
| Loan amount | $74,000 |
| Principal and interest | $498 |
| Property taxes (0.61% a year) | $47 |
| Homeowners insurance (our estimate, 0.5% a year) | $39 |
| PMI | $0 |
| Total per month | $583 |
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| Down payment | $3,238 |
|---|---|
| Loan amount | $90,825 |
| Principal and interest | $611 |
| Property taxes (0.61% a year) | $47 |
| Homeowners insurance (our estimate, 0.5% a year) | $39 |
| FHA mortgage insurance | $41 |
| Total per month | $737 |
Change the numbers in the calculator
Questions about home buying in Arcola
What is the median home value in Arcola?
About $92,500 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Arcola?
Homeowners pay a median $567 a year, which is about 0.61% 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 Arcola?
For the median home with 20% down at 7.11%, the payment is about $583 a month. Keeping that under 28% of gross income takes about $25,001 a year.
More about Arcola
- Mortgage Refinance in Arcola
- Debt Relief in Arcola
- Home Equity Loans in Arcola
- 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