CALCMONEY // HOME AFFORDABILITY // AR // JONESBORO
How much house can you afford in Jonesboro? Based on local median home prices, current AR mortgage rates, and Jonesboro property tax data.
$195,000
$1,211/mo
$51,917/yr
$195,367
Monthly housing costs of $1,211 represent 28.0% of Jonesboro's median gross monthly income ($4,333/mo). At 28.0%, Jonesboro falls within the standard 28% affordability threshold at current median income levels.
| Median Home Price | $195,000 |
| Down Payment (20%) | $39,000 |
| Loan Amount | $156,000 |
| Monthly PI Payment | $1,033 |
| Monthly Property Tax | $98 |
| Monthly Insurance Est. | $81 |
| Total Monthly PITI | $1,211 |
| Housing Cost % of Income | 28.0% |
| Required Income (28% rule) | $51,917/yr |
| Max Affordable Home | $195,367 |
$6,825
$1,558/mo
Jonesboro Home Affordability Quick Reference 2026
| Metric | Value | Notes |
|---|---|---|
| Median Home Price | $195,000 | Jonesboro city median |
| Down Payment (20%) | $39,000 | Conventional loan |
| Monthly PITI | $1,211 | 6.95% rate, 30yr fixed |
| Required Income (28% rule) | $51,917 | Annual gross |
| Max Affordable Home | $195,367 | Based on median income |
| FHA Down (3.5%) | $6,825 | Minimum FHA |
| Housing Cost % of Income | 28.0% | Median income: $52,000/yr |
| Property Tax Rate | 0.6% | $1,170/yr on median home |
Monthly PITI includes principal, interest, property tax, and homeowners insurance. Estimates only.
The median home price in Jonesboro is $195,000, with a local 30-year mortgage rate of 6.95%. A buyer putting 20% down carries a loan of $156,000, generating a monthly P&I payment of $1,033. Adding property taxes ($98/mo) and homeowners insurance ($81/mo) brings total monthly PITI to $1,211.
Jonesboro's property tax rate of 0.6% 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 Jonesboro median home, that is $98/month, or $1,170 per year.
Arkansas levies a state income tax, which affects take-home pay and effective buying power. High-income earners in Jonesboro 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 Jonesboro's median income of $52,000/year can afford up to $1,213/month in total housing costs. Based on Jonesboro's mortgage rate of 6.95% and property tax rate of 0.6%, that translates to a maximum affordable home price of approximately $195,367 with 20% down on a 30-year loan.
To afford the median Jonesboro home priced at $195,000, you need an annual gross income of approximately $51,917. Total monthly housing costs (principal and interest of $1,033, property taxes of $98, and insurance of $81) come to $1,211/month, which equals 28% of the required income.
At the median home price of $195,000 and median household income of $52,000, the total monthly housing cost of $1,211 represents 28.0% of gross monthly income. This is within the standard 28% guideline, making Jonesboro relatively accessible at current income levels.
A conventional 20% down payment on the median Jonesboro home of $195,000 is $39,000. An FHA loan requires just 3.5% down — $6,825 — but adds mortgage insurance of roughly $133/month, bringing total FHA payments to $1,558/month.
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