Total monthly cost of ownership
Cost to Own a Home in Stamps, Arkansas
A $71,000 home here costs
$741per month, all in, with 20% down at today's 7.24% 30-year fixed rate. By the 28% rule that takes a household income of about $31,500 a year.
A standard mortgage calculator would have told you $387. The real number is $354 higher every month, 91% more than the payment most buyers budget for.
Compare Lafayette County with anywhere in America · full county breakdown
Small-place caveat: the Census publishes these figures for Stamps from a five-year rolling sample, and with about 1,510 residents that sample is small. The median home value here carries a much wider margin of error than a big-city figure does, so treat it as indicative rather than exact. The Lafayette County figures are drawn from a far larger sample if you want a steadier number.
Where every dollar goes
Only the first line is a mortgage payment. Change any assumption above and every figure below recalculates.
Stamps against Lafayette County and Arkansas
| Measure | Stamps | Lafayette County |
|---|---|---|
| Median home value | $71,200 | $74,600 |
| Median property tax | $275 | $422 |
| Effective tax rate | 0.386% | 0.566% |
| Median gross rent | $675 | $711 |
| Population | 1,510 | 6,211 |
The weather behind that power bill
Stamps sits in Lafayette County, which averages a high of 94.0°F in its hottest month and a low of 33.2°F in its coldest, with 52.95" of precipitation a year and 28% of it in a single three-month stretch. That climate drives 2,227 cooling and 2,635 heating degree days, which is what sets the $151 electricity line above.
See the full climate breakdown for Lafayette County , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Lafayette County
No other places of this size are published in Lafayette County.
Full Lafayette County cost breakdown · Every county in Arkansas
Talk to someone who works this market
These are Stamps averages. What one specific house costs to own, or what it would sell for today, depends on the street and the condition of the place. We will connect you with one licensed local agent who works Stamps every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in Stamps I already own here and may sell
Common questions
How much does it cost to own a home in Stamps?
A $71,000 home in Stamps, Arkansas costs approximately $741 per month with 20% down at 7.24%. That is $387 principal and interest, $23 property tax, $53 homeowners insurance, $219 utilities and $59 set aside for maintenance.
What is the property tax rate in Stamps?
Stamps has an effective property tax rate of 0.386%, based on a median home value of $71,200 and median real estate taxes of $275. That is lower than the Lafayette County average of 0.566%.
What is the average home price in Stamps?
The median owner-occupied home value in Stamps, Arkansas is $71,200, against $74,600 across Lafayette County.
Is it cheaper to rent or buy in Stamps?
Median gross rent in Stamps is $675 a month, against $741 to own the median home all in. Renting costs less month to month here, though renting builds no equity.
What salary do you need to buy a home in Stamps?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Stamps, Arkansas at today's rate takes a household income of roughly $31,500 a year. That covers the full $741 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Stamps, US Census Bureau, American Community Survey ACS 2023 5-Year, place-level tables.
- Homeowners insurance, NAIC average premium for Arkansas.
- Electricity price, EIA Electric Power Monthly Table 5.6.A.
- Mortgage rate, Freddie Mac PMMS, refreshed weekly.
- Maintenance (1%/yr) and water and sewer ($68/mo) are national estimates. Every assumption above is editable.