Total monthly cost of ownership
Cost to Own a Home in Hamburg, Arkansas
A $78,000 home here costs
$765per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $401. The real number is $364 higher every month — 91% 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.
Hamburg against Ashley County and Arkansas
| Measure | Hamburg | Ashley County |
|---|---|---|
| Median home value | $77,700 | $88,800 |
| Median property tax | $525 | $542 |
| Effective tax rate | 0.676% | 0.610% |
| Median gross rent | $643 | $640 |
| Population | 2,992 | 18,722 |
The weather behind that power bill
Hamburg sits in Ashley County, which averages a high of 94.9°F in its hottest month and a low of 34.1°F in its coldest, with 56.67" of precipitation a year and 30% of it in a single three-month stretch. That climate drives 2,494 cooling and 2,414 heating degree days, which is what sets the $129 electricity line above.
See the full climate breakdown for Ashley County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Ashley County
Full Ashley County cost breakdown · Every county in Arkansas
Common questions
How much does it cost to own a home in Hamburg?
A $78,000 home in Hamburg, Arkansas costs approximately $765 per month with 20% down at 6.66%. That is $401 principal and interest, $44 property tax, $58 homeowners insurance, $197 utilities and $65 set aside for maintenance.
What is the property tax rate in Hamburg?
Hamburg has an effective property tax rate of 0.676%, based on a median home value of $77,700 and median real estate taxes of $525. That is higher than the Ashley County average of 0.610%.
What is the average home price in Hamburg?
The median owner-occupied home value in Hamburg, Arkansas is $77,700, against $88,800 across Ashley County.
Is it cheaper to rent or buy in Hamburg?
Median gross rent in Hamburg is $643 a month, against $765 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 Hamburg — 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.