Total monthly cost of ownership
Cost to Own a Home in Redfield, Arkansas
A $146,000 home here costs
$1,269per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $751. The real number is $518 higher every month — 69% 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.
Redfield against Jefferson County and Arkansas
| Measure | Redfield | Jefferson County |
|---|---|---|
| Median home value | $145,500 | $106,000 |
| Median property tax | $1,079 | $667 |
| Effective tax rate | 0.742% | 0.629% |
| Median gross rent | $972 | $849 |
| Population | 1,456 | 65,780 |
The weather behind that power bill
Redfield sits in Jefferson County, which averages a high of 91.7°F in its hottest month and a low of 33.8°F in its coldest, with 50.81" of precipitation a year and 30% of it in a single three-month stretch. That climate drives 2,150 cooling and 2,833 heating degree days, which is what sets the $129 electricity line above.
See the full climate breakdown for Jefferson County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Jefferson County
Full Jefferson County cost breakdown · Every county in Arkansas
Common questions
How much does it cost to own a home in Redfield?
A $146,000 home in Redfield, Arkansas costs approximately $1,269 per month with 20% down at 6.66%. That is $751 principal and interest, $90 property tax, $109 homeowners insurance, $197 utilities and $122 set aside for maintenance.
What is the property tax rate in Redfield?
Redfield has an effective property tax rate of 0.742%, based on a median home value of $145,500 and median real estate taxes of $1,079. That is higher than the Jefferson County average of 0.629%.
What is the average home price in Redfield?
The median owner-occupied home value in Redfield, Arkansas is $145,500, against $106,000 across Jefferson County.
Is it cheaper to rent or buy in Redfield?
Median gross rent in Redfield is $972 a month, against $1,269 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 Redfield — 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.