Total monthly cost of ownership
Cost to Own a Home in Gibson, Arkansas
A $150,000 home here costs
$1,281per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $771. The real number is $509 higher every month — 66% 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.
Gibson against Pulaski County and Arkansas
| Measure | Gibson | Pulaski County |
|---|---|---|
| Median home value | $150,300 | $199,600 |
| Median property tax | $907 | $1,562 |
| Effective tax rate | 0.603% | 0.783% |
| Median gross rent | $1,321 | $1,036 |
| Population | 4,141 | 398,949 |
The weather behind that power bill
Gibson sits in Pulaski County, which averages a high of 91.7°F in its hottest month and a low of 30.9°F in its coldest, with 50.42" of precipitation a year and 31% of it in a single three-month stretch. That climate drives 1,989 cooling and 3,165 heating degree days, which is what sets the $129 electricity line above.
See the full climate breakdown for Pulaski County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Pulaski County
Full Pulaski County cost breakdown · Every county in Arkansas
Common questions
How much does it cost to own a home in Gibson?
A $150,000 home in Gibson, Arkansas costs approximately $1,281 per month with 20% down at 6.66%. That is $771 principal and interest, $75 property tax, $112 homeowners insurance, $197 utilities and $125 set aside for maintenance.
What is the property tax rate in Gibson?
Gibson has an effective property tax rate of 0.603%, based on a median home value of $150,300 and median real estate taxes of $907. That is lower than the Pulaski County average of 0.783%.
What is the average home price in Gibson?
The median owner-occupied home value in Gibson, Arkansas is $150,300, against $199,600 across Pulaski County.
Is it cheaper to rent or buy in Gibson?
Median gross rent in Gibson is $1,321 a month, against $1,281 to own the median home all in. Owning costs less month to month here, though renting builds no equity.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Gibson — 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.