Total monthly cost of ownership
Cost to Own a Home in Rector, Arkansas
A $83,000 home here costs
$792per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $427. The real number is $365 higher every month — 86% 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.
Rector against Clay County and Arkansas
| Measure | Rector | Clay County |
|---|---|---|
| Median home value | $82,500 | $88,100 |
| Median property tax | $437 | $459 |
| Effective tax rate | 0.530% | 0.521% |
| Median gross rent | $605 | $696 |
| Population | 1,631 | 14,399 |
The weather behind that power bill
Rector sits in Clay County, which averages a high of 89.7°F in its hottest month and a low of 28.2°F in its coldest, with 49.49" of precipitation a year and 31% of it in a single three-month stretch. That climate drives 1,789 cooling and 3,767 heating degree days, which is what sets the $129 electricity line above.
See the full climate breakdown for Clay County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Clay County
Common questions
How much does it cost to own a home in Rector?
A $83,000 home in Rector, Arkansas costs approximately $792 per month with 20% down at 6.66%. That is $427 principal and interest, $37 property tax, $62 homeowners insurance, $197 utilities and $69 set aside for maintenance.
What is the property tax rate in Rector?
Rector has an effective property tax rate of 0.530%, based on a median home value of $82,500 and median real estate taxes of $437. That is in line with the Clay County average of 0.521%.
What is the average home price in Rector?
The median owner-occupied home value in Rector, Arkansas is $82,500, against $88,100 across Clay County.
Is it cheaper to rent or buy in Rector?
Median gross rent in Rector is $605 a month, against $792 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 Rector — 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.