Total monthly cost of ownership
Cost to Own a Home in Harrisburg, Arkansas
A $113,000 home here costs
$1,009per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $581. The real number is $428 higher every month — 74% 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.
Harrisburg against Poinsett County and Arkansas
| Measure | Harrisburg | Poinsett County |
|---|---|---|
| Median home value | $112,700 | $101,200 |
| Median property tax | $625 | $519 |
| Effective tax rate | 0.555% | 0.513% |
| Median gross rent | $792 | $647 |
| Population | 2,574 | 22,740 |
The weather behind that power bill
Harrisburg sits in Poinsett County, which averages a high of 88.3°F in its hottest month and a low of 28.2°F in its coldest, with 51.17" of precipitation a year and 32% of it in a single three-month stretch. That climate drives 1,721 cooling and 3,640 heating degree days, which is what sets the $129 electricity line above.
See the full climate breakdown for Poinsett County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Poinsett County
Full Poinsett County cost breakdown · Every county in Arkansas
Common questions
How much does it cost to own a home in Harrisburg?
A $113,000 home in Harrisburg, Arkansas costs approximately $1,009 per month with 20% down at 6.66%. That is $581 principal and interest, $52 property tax, $84 homeowners insurance, $197 utilities and $94 set aside for maintenance.
What is the property tax rate in Harrisburg?
Harrisburg has an effective property tax rate of 0.555%, based on a median home value of $112,700 and median real estate taxes of $625. That is higher than the Poinsett County average of 0.513%.
What is the average home price in Harrisburg?
The median owner-occupied home value in Harrisburg, Arkansas is $112,700, against $101,200 across Poinsett County.
Is it cheaper to rent or buy in Harrisburg?
Median gross rent in Harrisburg is $792 a month, against $1,009 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 Harrisburg — 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.