Total monthly cost of ownership
Cost to Own a Home in Booneville, Arkansas
A $92,000 home here costs
$857per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $473. The real number is $384 higher every month — 81% 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.
Booneville against Logan County and Arkansas
| Measure | Booneville | Logan County |
|---|---|---|
| Median home value | $91,800 | $126,900 |
| Median property tax | $499 | $670 |
| Effective tax rate | 0.544% | 0.528% |
| Median gross rent | $727 | $721 |
| Population | 3,814 | 21,240 |
The weather behind that power bill
Booneville sits in Logan County, which averages a high of 92.4°F in its hottest month and a low of 28.6°F in its coldest, with 49.28" of precipitation a year and 29% of it in a single three-month stretch. That climate drives 1,914 cooling and 3,446 heating degree days, which is what sets the $129 electricity line above.
See the full climate breakdown for Logan County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Logan County
Common questions
How much does it cost to own a home in Booneville?
A $92,000 home in Booneville, Arkansas costs approximately $857 per month with 20% down at 6.66%. That is $473 principal and interest, $42 property tax, $69 homeowners insurance, $197 utilities and $77 set aside for maintenance.
What is the property tax rate in Booneville?
Booneville has an effective property tax rate of 0.544%, based on a median home value of $91,800 and median real estate taxes of $499. That is higher than the Logan County average of 0.528%.
What is the average home price in Booneville?
The median owner-occupied home value in Booneville, Arkansas is $91,800, against $126,900 across Logan County.
Is it cheaper to rent or buy in Booneville?
Median gross rent in Booneville is $727 a month, against $857 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 Booneville — 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.