Total monthly cost of ownership
Cost to Own a Home in Osceola, Arkansas
A $109,000 home here costs
$1,028per 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 $44,000 a year.
A standard mortgage calculator would have told you $594. The real number is $434 higher every month, 73% more than the payment most buyers budget for.
Compare Mississippi County with anywhere in America · full county breakdown
Where every dollar goes
Only the first line is a mortgage payment. Change any assumption above and every figure below recalculates.
Osceola against Mississippi County and Arkansas
| Measure | Osceola | Mississippi County |
|---|---|---|
| Median home value | $108,700 | $115,800 |
| Median property tax | $513 | $646 |
| Effective tax rate | 0.472% | 0.558% |
| Median gross rent | $832 | $797 |
| Population | 6,807 | 39,749 |
The weather behind that power bill
Osceola sits in Mississippi County, which averages a high of 91.1°F in its hottest month and a low of 30.7°F in its coldest, with 52.18" of precipitation a year and 31% of it in a single three-month stretch. That climate drives 2,133 cooling and 3,356 heating degree days, which is what sets the $151 electricity line above.
See the full climate breakdown for Mississippi County , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Mississippi County
Full Mississippi County cost breakdown · Every county in Arkansas
Talk to someone who works this market
These are Osceola 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 Osceola every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in Osceola I already own here and may sell
Common questions
How much does it cost to own a home in Osceola?
A $109,000 home in Osceola, Arkansas costs approximately $1,028 per month with 20% down at 7.24%. That is $594 principal and interest, $43 property tax, $81 homeowners insurance, $219 utilities and $91 set aside for maintenance.
What is the property tax rate in Osceola?
Osceola has an effective property tax rate of 0.472%, based on a median home value of $108,700 and median real estate taxes of $513. That is lower than the Mississippi County average of 0.558%.
What is the average home price in Osceola?
The median owner-occupied home value in Osceola, Arkansas is $108,700, against $115,800 across Mississippi County.
Is it cheaper to rent or buy in Osceola?
Median gross rent in Osceola is $832 a month, against $1,028 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 Osceola?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Osceola, Arkansas at today's rate takes a household income of roughly $44,000 a year. That covers the full $1,028 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Osceola, 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.