Total monthly cost of ownership
Cost to Own a Home in Harrison, Arkansas
A $165,000 home here costs
$1,385per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $848. The real number is $537 higher every month — 63% 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.
Harrison against Boone County and Arkansas
| Measure | Harrison | Boone County |
|---|---|---|
| Median home value | $165,000 | $169,300 |
| Median property tax | $949 | $904 |
| Effective tax rate | 0.575% | 0.534% |
| Median gross rent | $703 | $715 |
| Population | 13,217 | 37,896 |
The weather behind that power bill
Harrison sits in Boone 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 $129 electricity line above.
See the full climate breakdown for Boone County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Boone County
No other places of this size are published in Boone County.
Common questions
How much does it cost to own a home in Harrison?
A $165,000 home in Harrison, Arkansas costs approximately $1,385 per month with 20% down at 6.66%. That is $848 principal and interest, $79 property tax, $123 homeowners insurance, $197 utilities and $138 set aside for maintenance.
What is the property tax rate in Harrison?
Harrison has an effective property tax rate of 0.575%, based on a median home value of $165,000 and median real estate taxes of $949. That is higher than the Boone County average of 0.534%.
What is the average home price in Harrison?
The median owner-occupied home value in Harrison, Arkansas is $165,000, against $169,300 across Boone County.
Is it cheaper to rent or buy in Harrison?
Median gross rent in Harrison is $703 a month, against $1,385 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 Harrison — 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.