Total monthly cost of ownership
Cost to Own a Home in Osceola, Arkansas
A $109,000 home here costs
$973per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $560. The real number is $412 higher every month — 74% 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.
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 $129 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
Common questions
How much does it cost to own a home in Osceola?
A $109,000 home in Osceola, Arkansas costs approximately $973 per month with 20% down at 6.66%. That is $560 principal and interest, $43 property tax, $81 homeowners insurance, $197 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 $973 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 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.