Total monthly cost of ownership
Cost to Own a Home in Walnut Ridge, Arkansas
A $105,000 home here costs
$945per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $540. The real number is $405 higher every month — 75% 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.
Walnut Ridge against Lawrence County and Arkansas
| Measure | Walnut Ridge | Lawrence County |
|---|---|---|
| Median home value | $104,500 | $91,100 |
| Median property tax | $505 | $445 |
| Effective tax rate | 0.483% | 0.488% |
| Median gross rent | $710 | $715 |
| Population | 5,440 | 16,265 |
The weather behind that power bill
Walnut Ridge sits in Lawrence County, which averages a high of 87.8°F in its hottest month and a low of 28.1°F in its coldest, with 47.51" of precipitation a year and 31% of it in a single three-month stretch. That climate drives 1,679 cooling and 3,857 heating degree days, which is what sets the $129 electricity line above.
See the full climate breakdown for Lawrence County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Lawrence County
Full Lawrence County cost breakdown · Every county in Arkansas
Common questions
How much does it cost to own a home in Walnut Ridge?
A $105,000 home in Walnut Ridge, Arkansas costs approximately $945 per month with 20% down at 6.66%. That is $540 principal and interest, $42 property tax, $78 homeowners insurance, $197 utilities and $88 set aside for maintenance.
What is the property tax rate in Walnut Ridge?
Walnut Ridge has an effective property tax rate of 0.483%, based on a median home value of $104,500 and median real estate taxes of $505. That is in line with the Lawrence County average of 0.488%.
What is the average home price in Walnut Ridge?
The median owner-occupied home value in Walnut Ridge, Arkansas is $104,500, against $91,100 across Lawrence County.
Is it cheaper to rent or buy in Walnut Ridge?
Median gross rent in Walnut Ridge is $710 a month, against $945 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 Walnut Ridge — 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.