Total monthly cost of ownership
Cost to Own a Home in Camden, Arkansas
A $109,000 home here costs
$1,028per 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 $44,000 a year.
A standard mortgage calculator would have told you $594. The real number is $433 higher every month, 73% more than the payment most buyers budget for.
Compare Ouachita County with anywhere in America · full county breakdown
Where every dollar goes
Only the first line is a mortgage payment. Change any assumption above and every figure below recalculates.
Camden against Ouachita County and Arkansas
| Measure | Camden | Ouachita County |
|---|---|---|
| Median home value | $108,800 | $99,600 |
| Median property tax | $508 | $500 |
| Effective tax rate | 0.467% | 0.502% |
| Median gross rent | $704 | $714 |
| Population | 10,427 | 22,317 |
The weather behind that power bill
Camden sits in Ouachita County, which averages a high of 92.0°F in its hottest month and a low of 31.2°F in its coldest, with 53.12" of precipitation a year and 29% of it in a single three-month stretch. That climate drives 2,036 cooling and 2,950 heating degree days, which is what sets the $151 electricity line above.
See the full climate breakdown for Ouachita County , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Ouachita County
Full Ouachita County cost breakdown · Every county in Arkansas
Talk to someone who works this market
These are Camden 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 Camden every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in Camden I already own here and may sell
Common questions
How much does it cost to own a home in Camden?
A $109,000 home in Camden, Arkansas costs approximately $1,028 per month with 20% down at 7.24%. That is $594 principal and interest, $42 property tax, $81 homeowners insurance, $219 utilities and $91 set aside for maintenance.
What is the property tax rate in Camden?
Camden has an effective property tax rate of 0.467%, based on a median home value of $108,800 and median real estate taxes of $508. That is lower than the Ouachita County average of 0.502%.
What is the average home price in Camden?
The median owner-occupied home value in Camden, Arkansas is $108,800, against $99,600 across Ouachita County.
Is it cheaper to rent or buy in Camden?
Median gross rent in Camden is $704 a month, against $1,028 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 Camden?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Camden, Arkansas at today's rate takes a household income of roughly $44,000 a year. That covers the full $1,028 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Camden, 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.