Total monthly cost of ownership
Cost to Own a Home in Hackett, Arkansas
A $125,000 home here costs
$1,149per 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 $49,500 a year.
A standard mortgage calculator would have told you $692. The real number is $457 higher every month, 66% more than the payment most buyers budget for.
Compare Sebastian County with anywhere in America · full county breakdown
Small-place caveat: the Census publishes these figures for Hackett from a five-year rolling sample, and with about 1,195 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 Sebastian 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.
Hackett against Sebastian County and Arkansas
| Measure | Hackett | Sebastian County |
|---|---|---|
| Median home value | $125,400 | $166,000 |
| Median property tax | $496 | $1,081 |
| Effective tax rate | 0.396% | 0.651% |
| Median gross rent | $760 | $854 |
| Population | 1,195 | 128,448 |
The weather behind that power bill
Hackett sits in Sebastian County, which averages a high of 94.1°F in its hottest month and a low of 29.6°F in its coldest, with 47.34" of precipitation a year and 32% of it in a single three-month stretch. That climate drives 2,177 cooling and 3,098 heating degree days, which is what sets the $150 electricity line above.
See the full climate breakdown for Sebastian County , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Sebastian County
Full Sebastian County cost breakdown · Every county in Arkansas
Talk to someone who works this market
These are Hackett 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 Hackett every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in Hackett I already own here and may sell
Common questions
How much does it cost to own a home in Hackett?
A $125,000 home in Hackett, Arkansas costs approximately $1,149 per month with 20% down at 7.4%. That is $692 principal and interest, $41 property tax, $93 homeowners insurance, $218 utilities and $104 set aside for maintenance.
What is the property tax rate in Hackett?
Hackett has an effective property tax rate of 0.396%, based on a median home value of $125,400 and median real estate taxes of $496. That is lower than the Sebastian County average of 0.651%.
What is the average home price in Hackett?
The median owner-occupied home value in Hackett, Arkansas is $125,400, against $166,000 across Sebastian County.
Is it cheaper to rent or buy in Hackett?
Median gross rent in Hackett is $760 a month, against $1,149 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 Hackett?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Hackett, Arkansas at today's rate takes a household income of roughly $49,500 a year. That covers the full $1,149 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Hackett, 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.