Total monthly cost of ownership
Cost to Own a Home in Marion, Arkansas
A $206,000 home here costs
$1,713per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $1,059. The real number is $654 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.
Marion against Crittenden County and Arkansas
| Measure | Marion | Crittenden County |
|---|---|---|
| Median home value | $206,300 | $155,100 |
| Median property tax | $1,583 | $934 |
| Effective tax rate | 0.767% | 0.602% |
| Median gross rent | $1,058 | $883 |
| Population | 13,641 | 47,609 |
The weather behind that power bill
Marion sits in Crittenden County, which averages a high of 91.4°F in its hottest month and a low of 32.9°F in its coldest, with 50.4" of precipitation a year and 30% of it in a single three-month stretch. That climate drives 2,173 cooling and 3,004 heating degree days, which is what sets the $129 electricity line above.
See the full climate breakdown for Crittenden County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Crittenden County
Full Crittenden County cost breakdown · Every county in Arkansas
Common questions
How much does it cost to own a home in Marion?
A $206,000 home in Marion, Arkansas costs approximately $1,713 per month with 20% down at 6.66%. That is $1,059 principal and interest, $132 property tax, $154 homeowners insurance, $197 utilities and $172 set aside for maintenance.
What is the property tax rate in Marion?
Marion has an effective property tax rate of 0.767%, based on a median home value of $206,300 and median real estate taxes of $1,583. That is higher than the Crittenden County average of 0.602%.
What is the average home price in Marion?
The median owner-occupied home value in Marion, Arkansas is $206,300, against $155,100 across Crittenden County.
Is it cheaper to rent or buy in Marion?
Median gross rent in Marion is $1,058 a month, against $1,713 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 Marion — 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.