Total monthly cost of ownership
Cost to Own a Home in Piney, Arkansas
A $131,000 home here costs
$1,122per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $673. The real number is $449 higher every month — 67% 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.
Piney against Garland County and Arkansas
| Measure | Piney | Garland County |
|---|---|---|
| Median home value | $131,300 | $176,400 |
| Median property tax | $540 | $915 |
| Effective tax rate | 0.411% | 0.519% |
| Median gross rent | $939 | $942 |
| Population | 4,485 | 100,062 |
The weather behind that power bill
Piney sits in Garland County, which averages a high of 90.9°F in its hottest month and a low of 29.1°F in its coldest, with 57.86" of precipitation a year and 30% of it in a single three-month stretch. That climate drives 1,544 cooling and 3,477 heating degree days, which is what sets the $129 electricity line above.
See the full climate breakdown for Garland County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Garland County
Full Garland County cost breakdown · Every county in Arkansas
Common questions
How much does it cost to own a home in Piney?
A $131,000 home in Piney, Arkansas costs approximately $1,122 per month with 20% down at 6.66%. That is $673 principal and interest, $45 property tax, $98 homeowners insurance, $197 utilities and $109 set aside for maintenance.
What is the property tax rate in Piney?
Piney has an effective property tax rate of 0.411%, based on a median home value of $131,300 and median real estate taxes of $540. That is lower than the Garland County average of 0.519%.
What is the average home price in Piney?
The median owner-occupied home value in Piney, Arkansas is $131,300, against $176,400 across Garland County.
Is it cheaper to rent or buy in Piney?
Median gross rent in Piney is $939 a month, against $1,122 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 Piney — 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.