Total monthly cost of ownership
Cost to Own a Home in Green Forest, Arkansas
A $127,000 home here costs
$1,159per 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 $49,500 a year.
A standard mortgage calculator would have told you $692. The real number is $467 higher every month, 67% 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 Green Forest from a five-year rolling sample, and with about 3,072 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.
Green Forest against Carroll County and Arkansas
| Measure | Green Forest | Carroll County |
|---|---|---|
| Median home value | $127,100 | $186,300 |
| Median property tax | $571 | $980 |
| Effective tax rate | 0.449% | 0.526% |
| Median gross rent | $803 | $818 |
| Population | 3,072 | 28,526 |
The weather behind that power bill
Green Forest 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 Green Forest 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 Green Forest every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in Green Forest I already own here and may sell
Common questions
How much does it cost to own a home in Green Forest?
A $127,000 home in Green Forest, Arkansas costs approximately $1,159 per month with 20% down at 7.24%. That is $692 principal and interest, $48 property tax, $95 homeowners insurance, $219 utilities and $106 set aside for maintenance.
What is the property tax rate in Green Forest?
Green Forest has an effective property tax rate of 0.449%, based on a median home value of $127,100 and median real estate taxes of $571. That is lower than the Carroll County average of 0.526%.
What is the average home price in Green Forest?
The median owner-occupied home value in Green Forest, Arkansas is $127,100, against $186,300 across Carroll County.
Is it cheaper to rent or buy in Green Forest?
Median gross rent in Green Forest is $803 a month, against $1,159 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 Green Forest?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Green Forest, Arkansas at today's rate takes a household income of roughly $49,500 a year. That covers the full $1,159 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Green Forest, 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.