Total monthly cost of ownership
Cost to Own a Home in Diaz, Arkansas
A $85,000 home here costs
$855per month, all in, with 20% down at today's 7.24% 30-year fixed rate. By the 28% rule that takes a household income of about $36,500 a year.
A standard mortgage calculator would have told you $463. The real number is $392 higher every month, 85% more than the payment most buyers budget for.
Compare Jackson County with anywhere in America · full county breakdown
Small-place caveat: the Census publishes these figures for Diaz from a five-year rolling sample, and with about 1,250 residents that sample is small. The median home value here carries a much wider margin of error than a big-city figure does, so treat it as indicative rather than exact. The Jackson County figures are drawn from a far larger sample if you want a steadier number.
Where every dollar goes
Only the first line is a mortgage payment. Change any assumption above and every figure below recalculates.
Diaz against Jackson County and Arkansas
| Measure | Diaz | Jackson County |
|---|---|---|
| Median home value | $85,200 | $87,300 |
| Median property tax | $469 | $492 |
| Effective tax rate | 0.550% | 0.564% |
| Median gross rent | $800 | $662 |
| Population | 1,250 | 16,775 |
The weather behind that power bill
Diaz sits in Jackson County, which averages a high of 89.4°F in its hottest month and a low of 29.6°F in its coldest, with 51.19" of precipitation a year and 31% of it in a single three-month stretch. That climate drives 1,836 cooling and 3,579 heating degree days, which is what sets the $151 electricity line above.
See the full climate breakdown for Jackson County , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Jackson County
Full Jackson County cost breakdown · Every county in Arkansas
Talk to someone who works this market
These are Diaz averages. What one specific house costs to own, or what it would sell for today, depends on the street and the condition of the place. We will connect you with one licensed local agent who works Diaz every week. Free, no obligation, and we never sell your details to a list.
Common questions
How much does it cost to own a home in Diaz?
A $85,000 home in Diaz, Arkansas costs approximately $855 per month with 20% down at 7.24%. That is $463 principal and interest, $39 property tax, $63 homeowners insurance, $219 utilities and $71 set aside for maintenance.
What is the property tax rate in Diaz?
Diaz has an effective property tax rate of 0.550%, based on a median home value of $85,200 and median real estate taxes of $469. That is lower than the Jackson County average of 0.564%.
What is the average home price in Diaz?
The median owner-occupied home value in Diaz, Arkansas is $85,200, against $87,300 across Jackson County.
Is it cheaper to rent or buy in Diaz?
Median gross rent in Diaz is $800 a month, against $855 to own the median home all in. Renting costs less month to month here, though renting builds no equity.
What salary do you need to buy a home in Diaz?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Diaz, Arkansas at today's rate takes a household income of roughly $36,500 a year. That covers the full $855 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Diaz, 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.