Total monthly cost of ownership
Cost to Own a Home in Austin, Arkansas
A $210,000 home here costs
$1,727per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $1,080. The real number is $647 higher every month — 60% 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.
Austin against Lonoke County and Arkansas
| Measure | Austin | Lonoke County |
|---|---|---|
| Median home value | $209,800 | $184,100 |
| Median property tax | $1,418 | $1,178 |
| Effective tax rate | 0.676% | 0.640% |
| Median gross rent | $1,284 | $961 |
| Population | 3,805 | 74,747 |
The weather behind that power bill
Austin 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 $129 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
Common questions
How much does it cost to own a home in Austin?
A $210,000 home in Austin, Arkansas costs approximately $1,727 per month with 20% down at 6.66%. That is $1,080 principal and interest, $118 property tax, $157 homeowners insurance, $197 utilities and $175 set aside for maintenance.
What is the property tax rate in Austin?
Austin has an effective property tax rate of 0.676%, based on a median home value of $209,800 and median real estate taxes of $1,418. That is higher than the Lonoke County average of 0.640%.
What is the average home price in Austin?
The median owner-occupied home value in Austin, Arkansas is $209,800, against $184,100 across Lonoke County.
Is it cheaper to rent or buy in Austin?
Median gross rent in Austin is $1,284 a month, against $1,727 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 Austin — 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.