Total monthly cost of ownership
Cost to Own a Home in Greenbrier, Arkansas
A $171,000 home here costs
$1,508per month, all in, with 20% down at today's 7.40% 30-year fixed rate. By the 28% rule that takes a household income of about $64,500 a year.
A standard mortgage calculator would have told you $947. The real number is $561 higher every month, 59% more than the payment most buyers budget for.
Compare Faulkner County with anywhere in America · full county breakdown
Where every dollar goes
Only the first line is a mortgage payment. Change any assumption above and every figure below recalculates.
Greenbrier against Faulkner County and Arkansas
| Measure | Greenbrier | Faulkner County |
|---|---|---|
| Median home value | $171,100 | $211,300 |
| Median property tax | $875 | $1,201 |
| Effective tax rate | 0.511% | 0.568% |
| Median gross rent | $1,269 | $980 |
| Population | 5,875 | 126,001 |
The weather behind that power bill
Greenbrier sits in Faulkner County, which averages a high of 91.7°F in its hottest month and a low of 28.3°F in its coldest, with 50.54" of precipitation a year and 32% of it in a single three-month stretch. That climate drives 1,697 cooling and 3,575 heating degree days, which is what sets the $150 electricity line above.
See the full climate breakdown for Faulkner County , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Faulkner County
Full Faulkner County cost breakdown · Every county in Arkansas
Talk to someone who works this market
These are Greenbrier 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 Greenbrier every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in Greenbrier I already own here and may sell
Common questions
How much does it cost to own a home in Greenbrier?
A $171,000 home in Greenbrier, Arkansas costs approximately $1,508 per month with 20% down at 7.4%. That is $947 principal and interest, $73 property tax, $128 homeowners insurance, $218 utilities and $143 set aside for maintenance.
What is the property tax rate in Greenbrier?
Greenbrier has an effective property tax rate of 0.511%, based on a median home value of $171,100 and median real estate taxes of $875. That is lower than the Faulkner County average of 0.568%.
What is the average home price in Greenbrier?
The median owner-occupied home value in Greenbrier, Arkansas is $171,100, against $211,300 across Faulkner County.
Is it cheaper to rent or buy in Greenbrier?
Median gross rent in Greenbrier is $1,269 a month, against $1,508 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 Greenbrier?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Greenbrier, Arkansas at today's rate takes a household income of roughly $64,500 a year. That covers the full $1,508 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Greenbrier, 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.