Lawrence County, AR real estate

What the numbers say

Lawrence County, AR real estate at a glance

By AstroCore · Realtor.com, US Census and Freddie Mac data

Homeowners in Lawrence County pay a median of $461 a year in property taxes on a median home value of $98,900, an effective rate of about 0.47%. The Arkansas average is 0.55%, which makes Lawrence County the #18 lowest-tax of 75 counties in the state with published tax data.

Renters pay a median of $697 a month, and $683 for a two-bedroom. At today's prices a typical home costs about 12 times a year's rent, which generally favors buying.

With 20% down and today's 7.24% average 30-year rate, the monthly payment on a $99,000 home here comes to about $619 including property tax and insurance. Lenders typically want that to be under 28% of income, which works out to roughly $27,000 a year (the median household here earns $44,882).