Total monthly cost of ownership
Cost to Own a Home in Heber Springs, Arkansas
A $153,000 home here costs
$1,360per month, all in, with 20% down at today's 7.24% 30-year fixed rate. By the 28% rule that takes a household income of about $58,500 a year.
A standard mortgage calculator would have told you $834. The real number is $526 higher every month, 63% more than the payment most buyers budget for.
Compare Cleburne County with anywhere in America · full county breakdown
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 $151 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
Talk to someone who works this market
These are Heber Springs averages. What one specific house costs to own, or what it would sell for today, depends on the street and the condition of the place. We will connect you with one licensed local agent who works Heber Springs every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in Heber Springs I already own here and may sell
Common questions
How much does it cost to own a home in Heber Springs?
A $153,000 home in Heber Springs, Arkansas costs approximately $1,360 per month with 20% down at 7.24%. That is $834 principal and interest, $65 property tax, $114 homeowners insurance, $219 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 $1,360 to own the median home all in. Renting costs less month to month here, though renting builds no equity.
What salary do you need to buy a home in Heber Springs?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Heber Springs, Arkansas at today's rate takes a household income of roughly $58,500 a year. That covers the full $1,360 monthly cost, not just the mortgage payment.
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.