Total monthly cost of ownership
Cost to Own a Home in Texarkana, Arkansas
A $163,000 home here costs
$1,379per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $838. The real number is $541 higher every month — 65% 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.
Texarkana against Miller County and Arkansas
| Measure | Texarkana | Miller County |
|---|---|---|
| Median home value | $162,700 | $148,200 |
| Median property tax | $1,036 | $916 |
| Effective tax rate | 0.637% | 0.618% |
| Median gross rent | $893 | $882 |
| Population | 29,343 | 42,588 |
The weather behind that power bill
Texarkana sits in Miller County, which averages a high of 92.8°F in its hottest month and a low of 35.1°F in its coldest, with 48.87" of precipitation a year and 29% of it in a single three-month stretch. That climate drives 2,249 cooling and 2,578 heating degree days, which is what sets the $129 electricity line above.
See the full climate breakdown for Miller County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Miller County
Full Miller County cost breakdown · Every county in Arkansas
Common questions
How much does it cost to own a home in Texarkana?
A $163,000 home in Texarkana, Arkansas costs approximately $1,379 per month with 20% down at 6.66%. That is $838 principal and interest, $87 property tax, $122 homeowners insurance, $197 utilities and $136 set aside for maintenance.
What is the property tax rate in Texarkana?
Texarkana has an effective property tax rate of 0.637%, based on a median home value of $162,700 and median real estate taxes of $1,036. That is higher than the Miller County average of 0.618%.
What is the average home price in Texarkana?
The median owner-occupied home value in Texarkana, Arkansas is $162,700, against $148,200 across Miller County.
Is it cheaper to rent or buy in Texarkana?
Median gross rent in Texarkana is $893 a month, against $1,379 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 Texarkana — 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.