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May 28, 2023
Below we provide helpful information on the real estate market, home prices and housing affordability in Springdale. Understand how much you need to earn to afford a home in Springdale, including the mortgage you need to qualify for. Review the monthy payment so you can determine if owning a house in Springdale fits your budget. This information is based on proprietary analysis you can only find on FREEandCLEAR and we offer it to help you decide if living in Springdale is right for you.
The median home value for Springdale, AR (Benton County) is $291,555
Based on current mortgage rates and a 10% down payment, you need to make $60,823 per year to buy the median priced home in Springdale
With this income, you could qualify for a $262,400 mortgage, assuming your monthly debt expense is reasonable
Based on this loan amount, the monthly mortgage payment required to buy the median priced home in Springdale is $1,409
The median household income for Springdale, AR (Benton County) is $79,840
Based on this income, you can afford a home valued at approximately $382,712
The home price you can afford to buy based on household income in Springdale is 131% of the median home value which means housing prices are average. Springdale (Benton County) ranks 67 out of 75 counties in Arkansas and 2,298 out of 3,142 counties in the United States for housing affordability.
According to the FREEandCLEAR Housing Affordability Index, the housing market in Springdale, AR is average
Mortgage limits affect your loan terms, mortgage program eligibility and what price home you can afford. Review the loan limits for Springdale (Benton County) below.
Conforming loan limits for Springdale, AR
FHA loan limits for Springdale, AR
VA loan limits for Springdale, AR