Total monthly cost of ownership
Cost to Own a Home in Lepanto, Arkansas
A $67,000 home here costs
$684per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $344. The real number is $340 higher every month — 99% 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.
Lepanto against Poinsett County and Arkansas
| Measure | Lepanto | Poinsett County |
|---|---|---|
| Median home value | $66,900 | $101,200 |
| Median property tax | $442 | $519 |
| Effective tax rate | 0.661% | 0.513% |
| Median gross rent | $613 | $647 |
| Population | 1,858 | 22,740 |
The weather behind that power bill
Lepanto sits in Poinsett County, which averages a high of 88.3°F in its hottest month and a low of 28.2°F in its coldest, with 51.17" of precipitation a year and 32% of it in a single three-month stretch. That climate drives 1,721 cooling and 3,640 heating degree days, which is what sets the $129 electricity line above.
See the full climate breakdown for Poinsett County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Poinsett County
Full Poinsett County cost breakdown · Every county in Arkansas
Common questions
How much does it cost to own a home in Lepanto?
A $67,000 home in Lepanto, Arkansas costs approximately $684 per month with 20% down at 6.66%. That is $344 principal and interest, $37 property tax, $50 homeowners insurance, $197 utilities and $56 set aside for maintenance.
What is the property tax rate in Lepanto?
Lepanto has an effective property tax rate of 0.661%, based on a median home value of $66,900 and median real estate taxes of $442. That is higher than the Poinsett County average of 0.513%.
What is the average home price in Lepanto?
The median owner-occupied home value in Lepanto, Arkansas is $66,900, against $101,200 across Poinsett County.
Is it cheaper to rent or buy in Lepanto?
Median gross rent in Lepanto is $613 a month, against $684 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 Lepanto — 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.