Total monthly cost of ownership
Cost to Own a Home in Bull Shoals, Arkansas
A $157,000 home here costs
$1,346per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $807. The real number is $539 higher every month — 67% 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.
Bull Shoals against Marion County and Arkansas
| Measure | Bull Shoals | Marion County |
|---|---|---|
| Median home value | $157,200 | $158,400 |
| Median property tax | $1,124 | $813 |
| Effective tax rate | 0.715% | 0.513% |
| Median gross rent | $670 | $792 |
| Population | 1,687 | 17,076 |
The weather behind that power bill
Bull Shoals sits in Marion County, which averages a high of 89.7°F in its hottest month and a low of 27.5°F in its coldest, with 41.19" of precipitation a year and 31% of it in a single three-month stretch. That climate drives 1,594 cooling and 3,815 heating degree days, which is what sets the $129 electricity line above.
See the full climate breakdown for Marion County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Marion County
Full Marion County cost breakdown · Every county in Arkansas
Common questions
How much does it cost to own a home in Bull Shoals?
A $157,000 home in Bull Shoals, Arkansas costs approximately $1,346 per month with 20% down at 6.66%. That is $807 principal and interest, $94 property tax, $117 homeowners insurance, $197 utilities and $131 set aside for maintenance.
What is the property tax rate in Bull Shoals?
Bull Shoals has an effective property tax rate of 0.715%, based on a median home value of $157,200 and median real estate taxes of $1,124. That is higher than the Marion County average of 0.513%.
What is the average home price in Bull Shoals?
The median owner-occupied home value in Bull Shoals, Arkansas is $157,200, against $158,400 across Marion County.
Is it cheaper to rent or buy in Bull Shoals?
Median gross rent in Bull Shoals is $670 a month, against $1,346 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 Bull Shoals — 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.