Total monthly cost of ownership
Cost to Own a Home in Eureka Springs, Arkansas
A $247,000 home here costs
$1,962per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $1,270. The real number is $692 higher every month — 54% 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.
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 $129 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
Common questions
How much does it cost to own a home in Eureka Springs?
A $247,000 home in Eureka Springs, Arkansas costs approximately $1,962 per month with 20% down at 6.66%. That is $1,270 principal and interest, $105 property tax, $184 homeowners insurance, $197 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 $1,962 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 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.