Total monthly cost of ownership
Cost to Own a Home in Cave Springs, Arkansas
A $431,000 home here costs
$3,323per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $2,216. The real number is $1,107 higher every month — 50% 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.
Cave Springs against Benton County and Arkansas
| Measure | Cave Springs | Benton County |
|---|---|---|
| Median home value | $431,300 | $285,100 |
| Median property tax | $2,753 | $1,731 |
| Effective tax rate | 0.638% | 0.607% |
| Median gross rent | $2,081 | $1,193 |
| Population | 5,778 | 294,541 |
The weather behind that power bill
Cave Springs sits in Benton County, which averages a high of 90.3°F in its hottest month and a low of 26.7°F in its coldest, with 45.43" of precipitation a year and 33% of it in a single three-month stretch. That climate drives 1,561 cooling and 3,858 heating degree days, which is what sets the $129 electricity line above.
See the full climate breakdown for Benton County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Benton County
Full Benton County cost breakdown · Every county in Arkansas
Common questions
How much does it cost to own a home in Cave Springs?
A $431,000 home in Cave Springs, Arkansas costs approximately $3,323 per month with 20% down at 6.66%. That is $2,216 principal and interest, $229 property tax, $322 homeowners insurance, $197 utilities and $359 set aside for maintenance.
What is the property tax rate in Cave Springs?
Cave Springs has an effective property tax rate of 0.638%, based on a median home value of $431,300 and median real estate taxes of $2,753. That is higher than the Benton County average of 0.607%.
What is the average home price in Cave Springs?
The median owner-occupied home value in Cave Springs, Arkansas is $431,300, against $285,100 across Benton County.
Is it cheaper to rent or buy in Cave Springs?
Median gross rent in Cave Springs is $2,081 a month, against $3,323 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 Cave Springs — 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.