Total monthly cost of ownership
Cost to Own a Home in Eureka Springs, Arkansas
A $247,000 home here costs
$2,060per 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 $88,500 a year.
A standard mortgage calculator would have told you $1,347. The real number is $713 higher every month, 53% more than the payment most buyers budget for.
Compare Carroll County with anywhere in America · full county breakdown
Small-place caveat: the Census publishes these figures for Eureka Springs from a five-year rolling sample, and with about 2,269 residents that sample is small. The median home value here carries a much wider margin of error than a big-city figure does, so treat it as indicative rather than exact. The Carroll County figures are drawn from a far larger sample if you want a steadier number.
Where every dollar goes
Only the first line is a mortgage payment. Change any assumption above and every figure below recalculates.
Eureka Springs against Carroll County and Arkansas
| Measure | Eureka Springs | Carroll County |
|---|---|---|
| Median home value | $246,900 | $186,300 |
| Median property tax | $1,255 | $980 |
| Effective tax rate | 0.508% | 0.526% |
| Median gross rent | $845 | $818 |
| Population | 2,269 | 28,526 |
The weather behind that power bill
Eureka Springs sits in Carroll County, which averages a high of 89.1°F in its hottest month and a low of 27.2°F in its coldest, with 44.5" of precipitation a year and 31% of it in a single three-month stretch. That climate drives 1,475 cooling and 3,883 heating degree days, which is what sets the $151 electricity line above.
See the full climate breakdown for Carroll County , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Carroll County
Full Carroll County cost breakdown · Every county in Arkansas
Talk to someone who works this market
These are Eureka Springs 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 Eureka Springs every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in Eureka Springs I already own here and may sell
Common questions
How much does it cost to own a home in Eureka Springs?
A $247,000 home in Eureka Springs, Arkansas costs approximately $2,060 per month with 20% down at 7.24%. That is $1,347 principal and interest, $105 property tax, $184 homeowners insurance, $219 utilities and $206 set aside for maintenance.
What is the property tax rate in Eureka Springs?
Eureka Springs has an effective property tax rate of 0.508%, based on a median home value of $246,900 and median real estate taxes of $1,255. That is lower than the Carroll County average of 0.526%.
What is the average home price in Eureka Springs?
The median owner-occupied home value in Eureka Springs, Arkansas is $246,900, against $186,300 across Carroll County.
Is it cheaper to rent or buy in Eureka Springs?
Median gross rent in Eureka Springs is $845 a month, against $2,060 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 Eureka Springs?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Eureka Springs, Arkansas at today's rate takes a household income of roughly $88,500 a year. That covers the full $2,060 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Eureka 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.