Total monthly cost of ownership
Cost to Own a Home in DeWitt, Arkansas
A $86,000 home here costs
$819per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $442. The real number is $377 higher every month — 85% 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.
DeWitt against Arkansas County and Arkansas
| Measure | DeWitt | Arkansas County |
|---|---|---|
| Median home value | $85,800 | $129,400 |
| Median property tax | $523 | $722 |
| Effective tax rate | 0.610% | 0.558% |
| Median gross rent | $792 | $799 |
| Population | 2,980 | 16,773 |
The weather behind that power bill
DeWitt sits in Arkansas County, which averages a high of 91.3°F in its hottest month and a low of 33.2°F in its coldest, with 50.63" of precipitation a year and 31% of it in a single three-month stretch. That climate drives 2,236 cooling and 2,886 heating degree days, which is what sets the $129 electricity line above.
See the full climate breakdown for Arkansas County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Arkansas County
Full Arkansas County cost breakdown · Every county in Arkansas
Common questions
How much does it cost to own a home in DeWitt?
A $86,000 home in DeWitt, Arkansas costs approximately $819 per month with 20% down at 6.66%. That is $442 principal and interest, $44 property tax, $64 homeowners insurance, $197 utilities and $72 set aside for maintenance.
What is the property tax rate in DeWitt?
DeWitt has an effective property tax rate of 0.610%, based on a median home value of $85,800 and median real estate taxes of $523. That is higher than the Arkansas County average of 0.558%.
What is the average home price in DeWitt?
The median owner-occupied home value in DeWitt, Arkansas is $85,800, against $129,400 across Arkansas County.
Is it cheaper to rent or buy in DeWitt?
Median gross rent in DeWitt is $792 a month, against $819 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 DeWitt — 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.