Total monthly cost of ownership
Cost to Own a Home in Marshall, Arkansas
A $102,000 home here costs
$990per 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 $42,500 a year.
A standard mortgage calculator would have told you $556. The real number is $433 higher every month, 78% more than the payment most buyers budget for.
Compare Searcy County with anywhere in America · full county breakdown
Small-place caveat: the Census publishes these figures for Marshall from a five-year rolling sample, and with about 1,445 residents that sample is small. The median home value here carries a much wider margin of error than a big-city figure does, so treat it as indicative rather than exact. The Searcy County figures are drawn from a far larger sample if you want a steadier number.
Where every dollar goes
Only the first line is a mortgage payment. Change any assumption above and every figure below recalculates.
Marshall against Searcy County and Arkansas
| Measure | Marshall | Searcy County |
|---|---|---|
| Median home value | $101,900 | $108,100 |
| Median property tax | $644 | $517 |
| Effective tax rate | 0.632% | 0.478% |
| Median gross rent | $538 | $596 |
| Population | 1,445 | 7,861 |
The weather behind that power bill
Marshall sits in Searcy County, which averages a high of 89.2°F in its hottest month and a low of 25.9°F in its coldest, with 47.47" of precipitation a year and 32% of it in a single three-month stretch. That climate drives 1,460 cooling and 3,951 heating degree days, which is what sets the $151 electricity line above.
See the full climate breakdown for Searcy County , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Searcy County
No other places of this size are published in Searcy County.
Full Searcy County cost breakdown · Every county in Arkansas
Talk to someone who works this market
These are Marshall 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 Marshall every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in Marshall I already own here and may sell
Common questions
How much does it cost to own a home in Marshall?
A $102,000 home in Marshall, Arkansas costs approximately $990 per month with 20% down at 7.24%. That is $556 principal and interest, $54 property tax, $76 homeowners insurance, $219 utilities and $85 set aside for maintenance.
What is the property tax rate in Marshall?
Marshall has an effective property tax rate of 0.632%, based on a median home value of $101,900 and median real estate taxes of $644. That is higher than the Searcy County average of 0.478%.
What is the average home price in Marshall?
The median owner-occupied home value in Marshall, Arkansas is $101,900, against $108,100 across Searcy County.
Is it cheaper to rent or buy in Marshall?
Median gross rent in Marshall is $538 a month, against $990 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 Marshall?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Marshall, Arkansas at today's rate takes a household income of roughly $42,500 a year. That covers the full $990 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Marshall, 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.