Total monthly cost of ownership
Cost to Own a Home in Genoa, Arkansas
A $125,000 home here costs
$1,105per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $643. The real number is $462 higher every month — 72% 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.
Genoa against Miller County and Arkansas
| Measure | Genoa | Miller County |
|---|---|---|
| Median home value | $124,500 | $148,200 |
| Median property tax | $805 | $916 |
| Effective tax rate | 0.647% | 0.618% |
| Median gross rent | $1,043 | $882 |
| Population | 1,008 | 42,588 |
The weather behind that power bill
Genoa sits in Miller County, which averages a high of 92.8°F in its hottest month and a low of 35.1°F in its coldest, with 48.87" of precipitation a year and 29% of it in a single three-month stretch. That climate drives 2,249 cooling and 2,578 heating degree days, which is what sets the $129 electricity line above.
See the full climate breakdown for Miller County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Miller County
Full Miller County cost breakdown · Every county in Arkansas
Common questions
How much does it cost to own a home in Genoa?
A $125,000 home in Genoa, Arkansas costs approximately $1,105 per month with 20% down at 6.66%. That is $643 principal and interest, $67 property tax, $93 homeowners insurance, $197 utilities and $104 set aside for maintenance.
What is the property tax rate in Genoa?
Genoa has an effective property tax rate of 0.647%, based on a median home value of $124,500 and median real estate taxes of $805. That is higher than the Miller County average of 0.618%.
What is the average home price in Genoa?
The median owner-occupied home value in Genoa, Arkansas is $124,500, against $148,200 across Miller County.
Is it cheaper to rent or buy in Genoa?
Median gross rent in Genoa is $1,043 a month, against $1,105 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 Genoa — 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.