Total monthly cost of ownership
Cost to Own a Home in Alexander, Arkansas
A $158,000 home here costs
$1,300per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $812. The real number is $488 higher every month — 60% more than the payment most buyers budget for.
Where every dollar goes
Only the first line is a mortgage payment. Change any assumption above and every figure below recalculates.
Alexander against Pulaski County and Arkansas
| Measure | Alexander | Pulaski County |
|---|---|---|
| Median home value | $157,700 | $199,600 |
| Median property tax | $495 | $1,562 |
| Effective tax rate | 0.314% | 0.783% |
| Median gross rent | $1,017 | $1,036 |
| Population | 3,488 | 398,949 |
Alexander extends across 2 counties. Figures here use Pulaski County, where most of its housing sits.
The weather behind that power bill
Alexander sits in Pulaski County, which averages a high of 91.7°F in its hottest month and a low of 30.9°F in its coldest, with 50.42" of precipitation a year and 31% of it in a single three-month stretch. That climate drives 1,989 cooling and 3,165 heating degree days, which is what sets the $129 electricity line above.
See the full climate breakdown for Pulaski County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Pulaski County
Full Pulaski County cost breakdown · Every county in Arkansas
Common questions
How much does it cost to own a home in Alexander?
A $158,000 home in Alexander, Arkansas costs approximately $1,300 per month with 20% down at 6.66%. That is $812 principal and interest, $41 property tax, $118 homeowners insurance, $197 utilities and $132 set aside for maintenance.
What is the property tax rate in Alexander?
Alexander has an effective property tax rate of 0.314%, based on a median home value of $157,700 and median real estate taxes of $495. That is lower than the Pulaski County average of 0.783%.
What is the average home price in Alexander?
The median owner-occupied home value in Alexander, Arkansas is $157,700, against $199,600 across Pulaski County.
Is it cheaper to rent or buy in Alexander?
Median gross rent in Alexander is $1,017 a month, against $1,300 to own the median home all in. Renting costs less month to month here, though renting builds no equity.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Alexander — 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.