Total monthly cost of ownership
Cost to Own a Home in North Crossett, Arkansas
A $75,000 home here costs
$780per 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 $33,500 a year.
A standard mortgage calculator would have told you $409. The real number is $372 higher every month, 91% more than the payment most buyers budget for.
Compare Ashley County with anywhere in America · full county breakdown
Small-place caveat: the Census publishes these figures for North Crossett from a five-year rolling sample, and with about 2,583 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 Ashley 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.
North Crossett against Ashley County and Arkansas
| Measure | North Crossett | Ashley County |
|---|---|---|
| Median home value | $74,600 | $88,800 |
| Median property tax | $412 | $542 |
| Effective tax rate | 0.552% | 0.610% |
| Median gross rent | $680 | $640 |
| Population | 2,583 | 18,722 |
The weather behind that power bill
North Crossett sits in Ashley County, which averages a high of 94.9°F in its hottest month and a low of 34.1°F in its coldest, with 56.67" of precipitation a year and 30% of it in a single three-month stretch. That climate drives 2,494 cooling and 2,414 heating degree days, which is what sets the $151 electricity line above.
See the full climate breakdown for Ashley County , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Ashley County
Full Ashley County cost breakdown · Every county in Arkansas
Talk to someone who works this market
These are North Crossett 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 North Crossett every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in North Crossett I already own here and may sell
Common questions
How much does it cost to own a home in North Crossett?
A $75,000 home in North Crossett, Arkansas costs approximately $780 per month with 20% down at 7.24%. That is $409 principal and interest, $35 property tax, $56 homeowners insurance, $219 utilities and $63 set aside for maintenance.
What is the property tax rate in North Crossett?
North Crossett has an effective property tax rate of 0.552%, based on a median home value of $74,600 and median real estate taxes of $412. That is lower than the Ashley County average of 0.610%.
What is the average home price in North Crossett?
The median owner-occupied home value in North Crossett, Arkansas is $74,600, against $88,800 across Ashley County.
Is it cheaper to rent or buy in North Crossett?
Median gross rent in North Crossett is $680 a month, against $780 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 North Crossett?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in North Crossett, Arkansas at today's rate takes a household income of roughly $33,500 a year. That covers the full $780 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for North Crossett, 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.