Total monthly cost of ownership
Cost to Own a Home in Paragould, Arkansas
A $175,000 home here costs
$1,445per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $900. The real number is $546 higher every month — 61% 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.
Paragould against Greene County and Arkansas
| Measure | Paragould | Greene County |
|---|---|---|
| Median home value | $175,400 | $162,200 |
| Median property tax | $868 | $792 |
| Effective tax rate | 0.495% | 0.488% |
| Median gross rent | $883 | $852 |
| Population | 29,940 | 46,182 |
The weather behind that power bill
Paragould sits in Greene County, which averages a high of 89.8°F in its hottest month and a low of 28.2°F in its coldest, with 51.74" of precipitation a year and 29% of it in a single three-month stretch. That climate drives 1,795 cooling and 3,709 heating degree days, which is what sets the $129 electricity line above.
See the full climate breakdown for Greene County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Greene County
Full Greene County cost breakdown · Every county in Arkansas
Common questions
How much does it cost to own a home in Paragould?
A $175,000 home in Paragould, Arkansas costs approximately $1,445 per month with 20% down at 6.66%. That is $900 principal and interest, $72 property tax, $131 homeowners insurance, $197 utilities and $146 set aside for maintenance.
What is the property tax rate in Paragould?
Paragould has an effective property tax rate of 0.495%, based on a median home value of $175,400 and median real estate taxes of $868. That is in line with the Greene County average of 0.488%.
What is the average home price in Paragould?
The median owner-occupied home value in Paragould, Arkansas is $175,400, against $162,200 across Greene County.
Is it cheaper to rent or buy in Paragould?
Median gross rent in Paragould is $883 a month, against $1,445 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 Paragould — 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.