Total monthly cost of ownership
Cost to Own a Home in Oppelo, Arkansas
A $125,000 home here costs
$1,090per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $643. The real number is $447 higher every month — 70% 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.
Oppelo against Conway County and Arkansas
| Measure | Oppelo | Conway County |
|---|---|---|
| Median home value | $124,700 | $137,000 |
| Median property tax | $628 | $718 |
| Effective tax rate | 0.504% | 0.524% |
| Median gross rent | $749 | $721 |
| Population | 1,033 | 20,872 |
The weather behind that power bill
Oppelo sits in Conway County, which averages a high of 92.6°F in its hottest month and a low of 29.1°F in its coldest, with 51.2" of precipitation a year and 31% of it in a single three-month stretch. That climate drives 1,955 cooling and 3,359 heating degree days, which is what sets the $129 electricity line above.
See the full climate breakdown for Conway County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Conway County
Full Conway County cost breakdown · Every county in Arkansas
Common questions
How much does it cost to own a home in Oppelo?
A $125,000 home in Oppelo, Arkansas costs approximately $1,090 per month with 20% down at 6.66%. That is $643 principal and interest, $53 property tax, $93 homeowners insurance, $197 utilities and $104 set aside for maintenance.
What is the property tax rate in Oppelo?
Oppelo has an effective property tax rate of 0.504%, based on a median home value of $124,700 and median real estate taxes of $628. That is lower than the Conway County average of 0.524%.
What is the average home price in Oppelo?
The median owner-occupied home value in Oppelo, Arkansas is $124,700, against $137,000 across Conway County.
Is it cheaper to rent or buy in Oppelo?
Median gross rent in Oppelo is $749 a month, against $1,090 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 Oppelo — 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.