Income needed to buy a home
Montgomery County, AR
$69,171
a year in household income to buy the typical Montgomery County home with 10% down.
The monthly math
Typical home value$219,026
Down payment (10%)$21,903
Loan$197,123
Principal and interest (7.40%)$1,365/mo
Property tax (0.32% a year)$57/mo
Homeowners insurance (estimate)$110/mo
Mortgage insurance$82/mo
Total monthly cost$1,614/mo
Income needed keeps housing at 28% of gross income, the lender rule of thumb.
What locals earn
A stretch
The typical household here earns $48,906 a year, 71% of what it takes.
In Arkansas
Montgomery County ranks #56 of 74 for the income a home takes, from least to most.
Easiest to afford in Arkansas
| County | Typical home | Income needed |
|---|---|---|
| Phillips County | $50,311 | $16,696 |
| Woodruff County | $86,149 | $27,708 |
| Jefferson County | $85,684 | $28,039 |
| St. Francis County | $88,525 | $28,482 |
| Ashley County | $89,495 | $28,935 |
Typical home value from the Zillow Home Value Index, August 2026. Rate is the Freddie Mac 30-year average for Oct 8, 2026. Property tax rate is total taxes paid divided by total home value in the county (U.S. Census, ACS 2020-2024). How it works.