Total monthly cost of ownership
Cost to Own a Home in Arcadia, Florida
A $159,000 home here costs
$1,330per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $817. The real number is $512 higher every month — 63% 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.
Arcadia against DeSoto County and Florida
| Measure | Arcadia | DeSoto County |
|---|---|---|
| Median home value | $158,900 | $151,500 |
| Median property tax | $954 | $1,322 |
| Effective tax rate | 0.600% | 0.873% |
| Median gross rent | $886 | $910 |
| Population | 7,571 | 34,719 |
The weather behind that power bill
Arcadia sits in DeSoto County, which averages a high of 91.6°F in its hottest month and a low of 47.1°F in its coldest, with 53.92" of precipitation a year and 49% of it in a single three-month stretch. That climate drives 3,217 cooling and 581 heating degree days, which is what sets the $136 electricity line above.
See the full climate breakdown for DeSoto County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in DeSoto County
Common questions
How much does it cost to own a home in Arcadia?
A $159,000 home in Arcadia, Florida costs approximately $1,330 per month with 20% down at 6.66%. That is $817 principal and interest, $80 property tax, $96 homeowners insurance, $204 utilities and $133 set aside for maintenance.
What is the property tax rate in Arcadia?
Arcadia has an effective property tax rate of 0.600%, based on a median home value of $158,900 and median real estate taxes of $954. That is lower than the DeSoto County average of 0.873%.
What is the average home price in Arcadia?
The median owner-occupied home value in Arcadia, Florida is $158,900, against $151,500 across DeSoto County.
Is it cheaper to rent or buy in Arcadia?
Median gross rent in Arcadia is $886 a month, against $1,330 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 Arcadia — US Census Bureau, American Community Survey ACS 2023 5-Year, place-level tables.
- Homeowners insurance — NAIC average premium for Florida.
- 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.