Total monthly cost of ownership
Cost to Own a Home in Malvern, Arkansas
A $96,000 home here costs
$887per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $494. The real number is $394 higher every month — 80% 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.
Malvern against Hot Spring County and Arkansas
| Measure | Malvern | Hot Spring County |
|---|---|---|
| Median home value | $95,500 | $127,900 |
| Median property tax | $536 | $650 |
| Effective tax rate | 0.561% | 0.508% |
| Median gross rent | $760 | $763 |
| Population | 10,938 | 33,142 |
The weather behind that power bill
Malvern sits in Hot Spring County, which averages a high of 93.3°F in its hottest month and a low of 32.7°F in its coldest, with 52.87" of precipitation a year and 30% of it in a single three-month stretch. That climate drives 2,207 cooling and 2,858 heating degree days, which is what sets the $129 electricity line above.
See the full climate breakdown for Hot Spring County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Hot Spring County
No other places of this size are published in Hot Spring County.
Full Hot Spring County cost breakdown · Every county in Arkansas
Common questions
How much does it cost to own a home in Malvern?
A $96,000 home in Malvern, Arkansas costs approximately $887 per month with 20% down at 6.66%. That is $494 principal and interest, $45 property tax, $72 homeowners insurance, $197 utilities and $80 set aside for maintenance.
What is the property tax rate in Malvern?
Malvern has an effective property tax rate of 0.561%, based on a median home value of $95,500 and median real estate taxes of $536. That is higher than the Hot Spring County average of 0.508%.
What is the average home price in Malvern?
The median owner-occupied home value in Malvern, Arkansas is $95,500, against $127,900 across Hot Spring County.
Is it cheaper to rent or buy in Malvern?
Median gross rent in Malvern is $760 a month, against $887 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 Malvern — 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.