Stone County, AR real estate

What the numbers say

Stone County, AR real estate at a glance

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

Homeowners in Stone County pay a median of $548 a year in property taxes on a median home value of $171,600, an effective rate of about 0.32%. The Arkansas average is 0.55%, which makes Stone County the #2 lowest-tax of 75 counties in the state with published tax data.

Renters pay a median of $626 a month, and $665 for a two-bedroom. At today's prices a typical home costs about 23 times a year's rent, which generally favors renting over buying in the short term.

With 20% down and today's 7.24% average 30-year rate, the monthly payment on a $172,000 home here comes to about $1,053 including property tax and insurance. Lenders typically want that to be under 28% of income, which works out to roughly $45,000 a year (the median household here earns $40,943).