Total monthly cost of ownership
Cost to Own a Home in Pea Ridge, Arkansas
A $256,000 home here costs
$2,128per month, all in, with 20% down at today's 7.40% 30-year fixed rate. By the 28% rule that takes a household income of about $91,000 a year.
A standard mortgage calculator would have told you $1,418. The real number is $710 higher every month, 50% more than the payment most buyers budget for.
Compare Benton 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.
Pea Ridge against Benton County and Arkansas
| Measure | Pea Ridge | Benton County |
|---|---|---|
| Median home value | $255,600 | $285,100 |
| Median property tax | $1,048 | $1,731 |
| Effective tax rate | 0.410% | 0.607% |
| Median gross rent | $1,395 | $1,193 |
| Population | 7,348 | 294,541 |
The weather behind that power bill
Pea Ridge sits in Benton County, which averages a high of 90.3°F in its hottest month and a low of 26.7°F in its coldest, with 45.43" of precipitation a year and 33% of it in a single three-month stretch. That climate drives 1,561 cooling and 3,858 heating degree days, which is what sets the $150 electricity line above.
See the full climate breakdown for Benton County , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Benton County
Full Benton County cost breakdown · Every county in Arkansas
Talk to someone who works this market
These are Pea Ridge 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 Pea Ridge every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in Pea Ridge I already own here and may sell
Common questions
How much does it cost to own a home in Pea Ridge?
A $256,000 home in Pea Ridge, Arkansas costs approximately $2,128 per month with 20% down at 7.4%. That is $1,418 principal and interest, $87 property tax, $191 homeowners insurance, $218 utilities and $213 set aside for maintenance.
What is the property tax rate in Pea Ridge?
Pea Ridge has an effective property tax rate of 0.410%, based on a median home value of $255,600 and median real estate taxes of $1,048. That is lower than the Benton County average of 0.607%.
What is the average home price in Pea Ridge?
The median owner-occupied home value in Pea Ridge, Arkansas is $255,600, against $285,100 across Benton County.
Is it cheaper to rent or buy in Pea Ridge?
Median gross rent in Pea Ridge is $1,395 a month, against $2,128 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 Pea Ridge?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Pea Ridge, Arkansas at today's rate takes a household income of roughly $91,000 a year. That covers the full $2,128 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Pea Ridge, 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.