Total monthly cost of ownership
Cost to Own a Home in Danville, Arkansas
A $117,000 home here costs
$1,022per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $601. The real number is $421 higher every month — 70% 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.
Danville against Yell County and Arkansas
| Measure | Danville | Yell County |
|---|---|---|
| Median home value | $117,400 | $131,300 |
| Median property tax | $467 | $679 |
| Effective tax rate | 0.398% | 0.517% |
| Median gross rent | $606 | $653 |
| Population | 2,123 | 20,195 |
The weather behind that power bill
Danville sits in Yell County, which averages a high of 92.5°F in its hottest month and a low of 29.7°F in its coldest, with 46.41" of precipitation a year and 30% of it in a single three-month stretch. That climate drives 1,988 cooling and 3,279 heating degree days, which is what sets the $129 electricity line above.
See the full climate breakdown for Yell County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Yell County
Common questions
How much does it cost to own a home in Danville?
A $117,000 home in Danville, Arkansas costs approximately $1,022 per month with 20% down at 6.66%. That is $601 principal and interest, $39 property tax, $87 homeowners insurance, $197 utilities and $98 set aside for maintenance.
What is the property tax rate in Danville?
Danville has an effective property tax rate of 0.398%, based on a median home value of $117,400 and median real estate taxes of $467. That is lower than the Yell County average of 0.517%.
What is the average home price in Danville?
The median owner-occupied home value in Danville, Arkansas is $117,400, against $131,300 across Yell County.
Is it cheaper to rent or buy in Danville?
Median gross rent in Danville is $606 a month, against $1,022 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 Danville — 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.