Total monthly cost of ownership
Cost to Own a Home in Ash Flat, Arkansas
A $87,000 home here costs
$871per 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 $37,500 a year.
A standard mortgage calculator would have told you $474. The real number is $396 higher every month, 84% more than the payment most buyers budget for.
Compare Sharp County with anywhere in America · full county breakdown
Small-place caveat: the Census publishes these figures for Ash Flat from a five-year rolling sample, and with about 1,309 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 Sharp 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.
Ash Flat against Sharp County and Arkansas
| Measure | Ash Flat | Sharp County |
|---|---|---|
| Median home value | $87,200 | $94,600 |
| Median property tax | $486 | $548 |
| Effective tax rate | 0.557% | 0.579% |
| Median gross rent | $783 | $648 |
| Population | 1,309 | 17,597 |
Ash Flat extends across 2 counties. Figures here use Sharp County, where most of its housing sits.
The weather behind that power bill
Ash Flat sits in Sharp County, which averages a high of 89.4°F in its hottest month and a low of 26.3°F in its coldest, with 51.44" of precipitation a year and 30% of it in a single three-month stretch. That climate drives 1,560 cooling and 3,945 heating degree days, which is what sets the $151 electricity line above.
See the full climate breakdown for Sharp County , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Sharp County
Talk to someone who works this market
These are Ash Flat 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 Ash Flat every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in Ash Flat I already own here and may sell
Common questions
How much does it cost to own a home in Ash Flat?
A $87,000 home in Ash Flat, Arkansas costs approximately $871 per month with 20% down at 7.24%. That is $474 principal and interest, $40 property tax, $65 homeowners insurance, $219 utilities and $73 set aside for maintenance.
What is the property tax rate in Ash Flat?
Ash Flat has an effective property tax rate of 0.557%, based on a median home value of $87,200 and median real estate taxes of $486. That is lower than the Sharp County average of 0.579%.
What is the average home price in Ash Flat?
The median owner-occupied home value in Ash Flat, Arkansas is $87,200, against $94,600 across Sharp County.
Is it cheaper to rent or buy in Ash Flat?
Median gross rent in Ash Flat is $783 a month, against $871 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 Ash Flat?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Ash Flat, Arkansas at today's rate takes a household income of roughly $37,500 a year. That covers the full $871 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Ash Flat, 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.