Total monthly cost of ownership
Cost to Own a Home in Heber Springs, Arkansas
A $153,000 home here costs
$1,291per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $787. The real number is $504 higher every month — 64% 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.
Heber Springs against Cleburne County and Arkansas
| Measure | Heber Springs | Cleburne County |
|---|---|---|
| Median home value | $152,900 | $174,600 |
| Median property tax | $785 | $814 |
| Effective tax rate | 0.513% | 0.466% |
| Median gross rent | $833 | $853 |
| Population | 7,101 | 25,048 |
The weather behind that power bill
Heber Springs sits in Cleburne County, which averages a high of 90.9°F in its hottest month and a low of 27.7°F in its coldest, with 53.38" of precipitation a year and 30% of it in a single three-month stretch. That climate drives 1,725 cooling and 3,577 heating degree days, which is what sets the $129 electricity line above.
See the full climate breakdown for Cleburne County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Cleburne County
Full Cleburne County cost breakdown · Every county in Arkansas
Common questions
How much does it cost to own a home in Heber Springs?
A $153,000 home in Heber Springs, Arkansas costs approximately $1,291 per month with 20% down at 6.66%. That is $787 principal and interest, $65 property tax, $114 homeowners insurance, $197 utilities and $128 set aside for maintenance.
What is the property tax rate in Heber Springs?
Heber Springs has an effective property tax rate of 0.513%, based on a median home value of $152,900 and median real estate taxes of $785. That is higher than the Cleburne County average of 0.466%.
What is the average home price in Heber Springs?
The median owner-occupied home value in Heber Springs, Arkansas is $152,900, against $174,600 across Cleburne County.
Is it cheaper to rent or buy in Heber Springs?
Median gross rent in Heber Springs is $833 a month, against $1,291 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 Heber Springs — 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.