CALCMONEY // HOME AFFORDABILITY // AR // SPRINGDALE
How much house can you afford in Springdale? Based on local median home prices, current AR mortgage rates, and Springdale property tax data.
$255,000
$1,588/mo
$68,073/yr
$210,616
Monthly housing costs of $1,588 represent 32.9% of Springdale's median gross monthly income ($4,833/mo). At 32.9%, this slightly exceeds the 28% rule. Buyers need above-median income or a 25%+ down payment to qualify comfortably.
| Median Home Price | $255,000 |
| Down Payment (20%) | $51,000 |
| Loan Amount | $204,000 |
| Monthly PI Payment | $1,350 |
| Monthly Property Tax | $132 |
| Monthly Insurance Est. | $106 |
| Total Monthly PITI | $1,588 |
| Housing Cost % of Income | 32.9% |
| Required Income (28% rule) | $68,073/yr |
| Max Affordable Home | $210,616 |
$8,925
$2,041/mo
Springdale Home Affordability Quick Reference 2026
| Metric | Value | Notes |
|---|---|---|
| Median Home Price | $255,000 | Springdale city median |
| Down Payment (20%) | $51,000 | Conventional loan |
| Monthly PITI | $1,588 | 6.95% rate, 30yr fixed |
| Required Income (28% rule) | $68,073 | Annual gross |
| Max Affordable Home | $210,616 | Based on median income |
| FHA Down (3.5%) | $8,925 | Minimum FHA |
| Housing Cost % of Income | 32.9% | Median income: $58,000/yr |
| Property Tax Rate | 0.62% | $1,581/yr on median home |
Monthly PITI includes principal, interest, property tax, and homeowners insurance. Estimates only.
The median home price in Springdale is $255,000, with a local 30-year mortgage rate of 6.95%. A buyer putting 20% down carries a loan of $204,000, generating a monthly P&I payment of $1,350. Adding property taxes ($132/mo) and homeowners insurance ($106/mo) brings total monthly PITI to $1,588.
Springdale's property tax rate of 0.62% is among the lower rates in the country, which improves overall affordability by keeping total PITI closer to the principal and interest payment alone. On the Springdale median home, that is $132/month, or $1,581 per year.
Arkansas levies a state income tax, which affects take-home pay and effective buying power. High-income earners in Springdale should factor state tax liability into their overall housing budget — mortgage interest may be deductible on both federal and state returns.
Using the 28% rule, a household earning Springdale's median income of $58,000/year can afford up to $1,353/month in total housing costs. Based on Springdale's mortgage rate of 6.95% and property tax rate of 0.62%, that translates to a maximum affordable home price of approximately $210,616 with 20% down on a 30-year loan.
To afford the median Springdale home priced at $255,000, you need an annual gross income of approximately $68,073. Total monthly housing costs (principal and interest of $1,350, property taxes of $132, and insurance of $106) come to $1,588/month, which equals 28% of the required income.
At the median home price of $255,000 and median household income of $58,000, the total monthly housing cost of $1,588 represents 32.9% of gross monthly income. This slightly exceeds the standard 28% rule. Buyers will need above-median income or a larger down payment to stay within guidelines.
A conventional 20% down payment on the median Springdale home of $255,000 is $51,000. An FHA loan requires just 3.5% down — $8,925 — but adds mortgage insurance of roughly $174/month, bringing total FHA payments to $2,041/month.
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