Total monthly cost of ownership
Cost to Own a Home in Shannon Hills, Arkansas
A $175,000 home here costs
$1,455per 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 $556 higher every month — 62% 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.
Shannon Hills against Saline County and Arkansas
| Measure | Shannon Hills | Saline County |
|---|---|---|
| Median home value | $175,200 | $211,700 |
| Median property tax | $984 | $1,335 |
| Effective tax rate | 0.562% | 0.631% |
| Median gross rent | $1,277 | $980 |
| Population | 4,557 | 125,724 |
The weather behind that power bill
Shannon Hills sits in Saline County, which averages a high of 92.9°F in its hottest month and a low of 30.6°F in its coldest, with 53.41" of precipitation a year and 30% of it in a single three-month stretch. That climate drives 2,150 cooling and 2,994 heating degree days, which is what sets the $129 electricity line above.
See the full climate breakdown for Saline County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Saline County
Full Saline County cost breakdown · Every county in Arkansas
Common questions
How much does it cost to own a home in Shannon Hills?
A $175,000 home in Shannon Hills, Arkansas costs approximately $1,455 per month with 20% down at 6.66%. That is $900 principal and interest, $82 property tax, $131 homeowners insurance, $197 utilities and $146 set aside for maintenance.
What is the property tax rate in Shannon Hills?
Shannon Hills has an effective property tax rate of 0.562%, based on a median home value of $175,200 and median real estate taxes of $984. That is lower than the Saline County average of 0.631%.
What is the average home price in Shannon Hills?
The median owner-occupied home value in Shannon Hills, Arkansas is $175,200, against $211,700 across Saline County.
Is it cheaper to rent or buy in Shannon Hills?
Median gross rent in Shannon Hills is $1,277 a month, against $1,455 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 Shannon Hills — 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.