Total monthly cost of ownership
Cost to Own a Home in Little Rock, Arkansas
A $221,000 home here costs
$1,837per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $1,136. The real number is $701 higher every month — 62% 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.
Little Rock against Pulaski County and Arkansas
| Measure | Little Rock | Pulaski County |
|---|---|---|
| Median home value | $221,200 | $199,600 |
| Median property tax | $1,859 | $1,562 |
| Effective tax rate | 0.840% | 0.783% |
| Median gross rent | $1,067 | $1,036 |
| Population | 202,739 | 398,949 |
The weather behind that power bill
Little Rock sits in Pulaski County, which averages a high of 91.7°F in its hottest month and a low of 30.9°F in its coldest, with 50.42" of precipitation a year and 31% of it in a single three-month stretch. That climate drives 1,989 cooling and 3,165 heating degree days, which is what sets the $129 electricity line above.
See the full climate breakdown for Pulaski County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Pulaski County
Full Pulaski County cost breakdown · Every county in Arkansas
Common questions
How much does it cost to own a home in Little Rock?
A $221,000 home in Little Rock, Arkansas costs approximately $1,837 per month with 20% down at 6.66%. That is $1,136 principal and interest, $155 property tax, $165 homeowners insurance, $197 utilities and $184 set aside for maintenance.
What is the property tax rate in Little Rock?
Little Rock has an effective property tax rate of 0.840%, based on a median home value of $221,200 and median real estate taxes of $1,859. That is higher than the Pulaski County average of 0.783%.
What is the average home price in Little Rock?
The median owner-occupied home value in Little Rock, Arkansas is $221,200, against $199,600 across Pulaski County.
Is it cheaper to rent or buy in Little Rock?
Median gross rent in Little Rock is $1,067 a month, against $1,837 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 Little Rock — 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.