Rent vs Buy in Texarkana, AR
Monthly cost of renting vs owning a median-priced home · 30-yr fixed, 20% down
Buying looks favorable in Texarkana, AR
Price-to-rent ratio is 12.0 (under 15 favors buying, over 21 favors renting). Renting costs $1,118/mo; owning runs about $1,191/mo — $73/mo more to own.
| Monthly cost to own | Amount |
|---|---|
| Mortgage (P&I, 6.80% rate) | $842 |
| Property tax | $148 |
| Home insurance | $67 |
| Maintenance | $134 |
| Total to own | $1,191 |
| Average 2BR rent | $1,118 |
Based on a median home value of $161,353 with a $32,271 down payment. Owning also builds equity over time, which a monthly comparison doesn't capture. Estimates use national averages for taxes, insurance and maintenance — your actual costs will vary.