Total monthly cost of ownership
Cost to Own a Home in Ward, Arkansas
A $182,000 home here costs
$1,609per month, all in, with 20% down at today's 7.24% 30-year fixed rate. By the 28% rule that takes a household income of about $69,000 a year.
A standard mortgage calculator would have told you $992. The real number is $617 higher every month, 62% more than the payment most buyers budget for.
Compare Lonoke 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.
Ward against Lonoke County and Arkansas
| Measure | Ward | Lonoke County |
|---|---|---|
| Median home value | $182,100 | $184,100 |
| Median property tax | $1,333 | $1,178 |
| Effective tax rate | 0.732% | 0.640% |
| Median gross rent | $1,147 | $961 |
| Population | 6,367 | 74,747 |
The weather behind that power bill
Ward sits in Lonoke 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 $151 electricity line above.
See the full climate breakdown for Lonoke County , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Lonoke County
Full Lonoke County cost breakdown · Every county in Arkansas
Talk to someone who works this market
These are Ward 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 Ward every week. Free, no obligation, and we never sell your details to a list.
Common questions
How much does it cost to own a home in Ward?
A $182,000 home in Ward, Arkansas costs approximately $1,609 per month with 20% down at 7.24%. That is $992 principal and interest, $111 property tax, $136 homeowners insurance, $219 utilities and $152 set aside for maintenance.
What is the property tax rate in Ward?
Ward has an effective property tax rate of 0.732%, based on a median home value of $182,100 and median real estate taxes of $1,333. That is higher than the Lonoke County average of 0.640%.
What is the average home price in Ward?
The median owner-occupied home value in Ward, Arkansas is $182,100, against $184,100 across Lonoke County.
Is it cheaper to rent or buy in Ward?
Median gross rent in Ward is $1,147 a month, against $1,609 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 Ward?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Ward, Arkansas at today's rate takes a household income of roughly $69,000 a year. That covers the full $1,609 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Ward, 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.