Total monthly cost of ownership
Cost to Own a Home in Springdale, Arkansas
A $237,000 home here costs
$2,016per 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 $86,500 a year.
A standard mortgage calculator would have told you $1,313. The real number is $703 higher every month, 54% 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.
Springdale against Benton County and Arkansas
| Measure | Springdale | Benton County |
|---|---|---|
| Median home value | $237,200 | $285,100 |
| Median property tax | $1,328 | $1,731 |
| Effective tax rate | 0.560% | 0.607% |
| Median gross rent | $1,008 | $1,193 |
| Population | 87,388 | 294,541 |
Springdale extends across 2 counties. Figures here use Benton County, where most of its housing sits.
The weather behind that power bill
Springdale 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 Springdale 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 Springdale every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in Springdale I already own here and may sell
Common questions
How much does it cost to own a home in Springdale?
A $237,000 home in Springdale, Arkansas costs approximately $2,016 per month with 20% down at 7.4%. That is $1,313 principal and interest, $111 property tax, $177 homeowners insurance, $218 utilities and $198 set aside for maintenance.
What is the property tax rate in Springdale?
Springdale has an effective property tax rate of 0.560%, based on a median home value of $237,200 and median real estate taxes of $1,328. That is lower than the Benton County average of 0.607%.
What is the average home price in Springdale?
The median owner-occupied home value in Springdale, Arkansas is $237,200, against $285,100 across Benton County.
Is it cheaper to rent or buy in Springdale?
Median gross rent in Springdale is $1,008 a month, against $2,016 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 Springdale?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Springdale, Arkansas at today's rate takes a household income of roughly $86,500 a year. That covers the full $2,016 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Springdale, 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.