Total monthly cost of ownership
Cost to Own a Home in Nashville, Arkansas
A $138,000 home here costs
$1,168per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $709. The real number is $458 higher every month — 65% 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.
Nashville against Howard County and Arkansas
| Measure | Nashville | Howard County |
|---|---|---|
| Median home value | $138,400 | $135,400 |
| Median property tax | $521 | $708 |
| Effective tax rate | 0.376% | 0.523% |
| Median gross rent | $698 | $702 |
| Population | 4,114 | 12,701 |
The weather behind that power bill
Nashville sits in Howard County, which averages a high of 93.3°F in its hottest month and a low of 31.3°F in its coldest, with 44.35" of precipitation a year and 32% of it in a single three-month stretch. That climate drives 2,129 cooling and 2,804 heating degree days, which is what sets the $129 electricity line above.
See the full climate breakdown for Howard County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Howard County
Full Howard County cost breakdown · Every county in Arkansas
Common questions
How much does it cost to own a home in Nashville?
A $138,000 home in Nashville, Arkansas costs approximately $1,168 per month with 20% down at 6.66%. That is $709 principal and interest, $43 property tax, $103 homeowners insurance, $197 utilities and $115 set aside for maintenance.
What is the property tax rate in Nashville?
Nashville has an effective property tax rate of 0.376%, based on a median home value of $138,400 and median real estate taxes of $521. That is lower than the Howard County average of 0.523%.
What is the average home price in Nashville?
The median owner-occupied home value in Nashville, Arkansas is $138,400, against $135,400 across Howard County.
Is it cheaper to rent or buy in Nashville?
Median gross rent in Nashville is $698 a month, against $1,168 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 Nashville — 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.