Total monthly cost of ownership
Cost to Own a Home in Sherwood, Arkansas
A $191,000 home here costs
$1,601per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $982. The real number is $619 higher every month — 63% 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.
Sherwood against Pulaski County and Arkansas
| Measure | Sherwood | Pulaski County |
|---|---|---|
| Median home value | $190,900 | $199,600 |
| Median property tax | $1,444 | $1,562 |
| Effective tax rate | 0.756% | 0.783% |
| Median gross rent | $1,011 | $1,036 |
| Population | 32,915 | 398,949 |
The weather behind that power bill
Sherwood 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 $129 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
Common questions
How much does it cost to own a home in Sherwood?
A $191,000 home in Sherwood, Arkansas costs approximately $1,601 per month with 20% down at 6.66%. That is $982 principal and interest, $120 property tax, $143 homeowners insurance, $197 utilities and $159 set aside for maintenance.
What is the property tax rate in Sherwood?
Sherwood has an effective property tax rate of 0.756%, based on a median home value of $190,900 and median real estate taxes of $1,444. That is lower than the Pulaski County average of 0.783%.
What is the average home price in Sherwood?
The median owner-occupied home value in Sherwood, Arkansas is $190,900, against $199,600 across Pulaski County.
Is it cheaper to rent or buy in Sherwood?
Median gross rent in Sherwood is $1,011 a month, against $1,601 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 Sherwood — 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.