Total monthly cost of ownership
Cost to Own a Home in Mount Ida, Arkansas
A $158,000 home here costs
$1,324per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $812. The real number is $512 higher every month — 63% 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.
Mount Ida against Montgomery County and Arkansas
| Measure | Mount Ida | Montgomery County |
|---|---|---|
| Median home value | $157,900 | $136,000 |
| Median property tax | $779 | $522 |
| Effective tax rate | 0.493% | 0.384% |
| Median gross rent | $709 | $734 |
| Population | 1,358 | 8,571 |
The weather behind that power bill
Mount Ida sits in Montgomery County, which averages a high of 92.9°F in its hottest month and a low of 30.7°F in its coldest, with 55.75" of precipitation a year and 30% of it in a single three-month stretch. That climate drives 1,929 cooling and 3,084 heating degree days, which is what sets the $129 electricity line above.
See the full climate breakdown for Montgomery County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Montgomery County
No other places of this size are published in Montgomery County.
Full Montgomery County cost breakdown · Every county in Arkansas
Common questions
How much does it cost to own a home in Mount Ida?
A $158,000 home in Mount Ida, Arkansas costs approximately $1,324 per month with 20% down at 6.66%. That is $812 principal and interest, $65 property tax, $118 homeowners insurance, $197 utilities and $132 set aside for maintenance.
What is the property tax rate in Mount Ida?
Mount Ida has an effective property tax rate of 0.493%, based on a median home value of $157,900 and median real estate taxes of $779. That is higher than the Montgomery County average of 0.384%.
What is the average home price in Mount Ida?
The median owner-occupied home value in Mount Ida, Arkansas is $157,900, against $136,000 across Montgomery County.
Is it cheaper to rent or buy in Mount Ida?
Median gross rent in Mount Ida is $709 a month, against $1,324 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 Mount Ida — 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.