Total monthly cost of ownership
Cost to Own a Home in North Little Rock, Arkansas
A $170,000 home here costs
$1,540per month, all in, with 20% down at today's 7.32% 30-year fixed rate. By the 28% rule that takes a household income of about $66,000 a year.
A standard mortgage calculator would have told you $934. The real number is $606 higher every month, 65% more than the payment most buyers budget for.
Compare Pulaski County with anywhere in America · full county breakdown
Where every dollar goes
Only the first line is a mortgage payment. Change any assumption above and every figure below recalculates.
North Little Rock against Pulaski County and Arkansas
| Measure | North Little Rock | Pulaski County |
|---|---|---|
| Median home value | $169,500 | $199,600 |
| Median property tax | $1,419 | $1,562 |
| Effective tax rate | 0.837% | 0.783% |
| Median gross rent | $1,028 | $1,036 |
| Population | 64,504 | 398,949 |
The weather behind that power bill
North Little Rock sits in Pulaski County, which averages a high of 91.7°F in its hottest month and a low of 30.9°F in its coldest, with 50.42" of precipitation a year and 31% of it in a single three-month stretch. That climate drives 1,989 cooling and 3,165 heating degree days, which is what sets the $151 electricity line above.
See the full climate breakdown for Pulaski County , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Pulaski County
Full Pulaski County cost breakdown · Every county in Arkansas
Talk to someone who works this market
These are North Little Rock 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 Little Rock every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in North Little Rock I already own here and may sell
Common questions
How much does it cost to own a home in North Little Rock?
A $170,000 home in North Little Rock, Arkansas costs approximately $1,540 per month with 20% down at 7.32%. That is $934 principal and interest, $119 property tax, $127 homeowners insurance, $219 utilities and $142 set aside for maintenance.
What is the property tax rate in North Little Rock?
North Little Rock has an effective property tax rate of 0.837%, based on a median home value of $169,500 and median real estate taxes of $1,419. That is higher than the Pulaski County average of 0.783%.
What is the average home price in North Little Rock?
The median owner-occupied home value in North Little Rock, Arkansas is $169,500, against $199,600 across Pulaski County.
Is it cheaper to rent or buy in North Little Rock?
Median gross rent in North Little Rock is $1,028 a month, against $1,540 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 Little Rock?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in North Little Rock, Arkansas at today's rate takes a household income of roughly $66,000 a year. That covers the full $1,540 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for North Little Rock, 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.