Total monthly cost of ownership
Cost to Own a Home in Hazen, Arkansas
A $110,000 home here costs
$991per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $566. The real number is $426 higher every month — 75% 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.
Hazen against Prairie County and Arkansas
| Measure | Hazen | Prairie County |
|---|---|---|
| Median home value | $109,900 | $87,500 |
| Median property tax | $658 | $539 |
| Effective tax rate | 0.599% | 0.616% |
| Median gross rent | $889 | $637 |
| Population | 1,960 | 8,162 |
The weather behind that power bill
Hazen sits in Prairie County, which averages a high of 92.0°F in its hottest month and a low of 32.6°F in its coldest, with 50.04" of precipitation a year and 32% of it in a single three-month stretch. That climate drives 2,232 cooling and 3,037 heating degree days, which is what sets the $129 electricity line above.
See the full climate breakdown for Prairie County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Prairie County
Full Prairie County cost breakdown · Every county in Arkansas
Common questions
How much does it cost to own a home in Hazen?
A $110,000 home in Hazen, Arkansas costs approximately $991 per month with 20% down at 6.66%. That is $566 principal and interest, $55 property tax, $82 homeowners insurance, $197 utilities and $92 set aside for maintenance.
What is the property tax rate in Hazen?
Hazen has an effective property tax rate of 0.599%, based on a median home value of $109,900 and median real estate taxes of $658. That is lower than the Prairie County average of 0.616%.
What is the average home price in Hazen?
The median owner-occupied home value in Hazen, Arkansas is $109,900, against $87,500 across Prairie County.
Is it cheaper to rent or buy in Hazen?
Median gross rent in Hazen is $889 a month, against $991 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 Hazen — 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.