Total monthly cost of ownership
Cost to Own a Home in Augusta, Arkansas
A $117,000 home here costs
$1,036per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $601. The real number is $435 higher every month — 72% 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.
Augusta against Woodruff County and Arkansas
| Measure | Augusta | Woodruff County |
|---|---|---|
| Median home value | $117,100 | $96,800 |
| Median property tax | $631 | $558 |
| Effective tax rate | 0.539% | 0.576% |
| Median gross rent | $619 | $595 |
| Population | 1,881 | 6,157 |
The weather behind that power bill
Augusta sits in Woodruff County, which averages a high of 92.0°F in its hottest month and a low of 32.6°F in its coldest, with 50.04" of precipitation a year and 32% of it in a single three-month stretch. That climate drives 2,232 cooling and 3,037 heating degree days, which is what sets the $129 electricity line above.
See the full climate breakdown for Woodruff County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Woodruff County
Full Woodruff County cost breakdown · Every county in Arkansas
Common questions
How much does it cost to own a home in Augusta?
A $117,000 home in Augusta, Arkansas costs approximately $1,036 per month with 20% down at 6.66%. That is $601 principal and interest, $53 property tax, $87 homeowners insurance, $197 utilities and $98 set aside for maintenance.
What is the property tax rate in Augusta?
Augusta has an effective property tax rate of 0.539%, based on a median home value of $117,100 and median real estate taxes of $631. That is lower than the Woodruff County average of 0.576%.
What is the average home price in Augusta?
The median owner-occupied home value in Augusta, Arkansas is $117,100, against $96,800 across Woodruff County.
Is it cheaper to rent or buy in Augusta?
Median gross rent in Augusta is $619 a month, against $1,036 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 Augusta — 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.