Total monthly cost of ownership
Cost to Own a Home in Waldo, Arkansas
A $91,000 home here costs
$839per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $468. The real number is $371 higher every month — 79% 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.
Waldo against Columbia County and Arkansas
| Measure | Waldo | Columbia County |
|---|---|---|
| Median home value | $91,000 | $141,700 |
| Median property tax | $361 | $683 |
| Effective tax rate | 0.397% | 0.482% |
| Median gross rent | $657 | $631 |
| Population | 1,159 | 22,527 |
The weather behind that power bill
Waldo sits in Columbia County, which averages a high of 92.7°F in its hottest month and a low of 31.1°F in its coldest, with 56.31" of precipitation a year and 31% of it in a single three-month stretch. That climate drives 2,008 cooling and 2,848 heating degree days, which is what sets the $129 electricity line above.
See the full climate breakdown for Columbia County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Columbia County
Full Columbia County cost breakdown · Every county in Arkansas
Common questions
How much does it cost to own a home in Waldo?
A $91,000 home in Waldo, Arkansas costs approximately $839 per month with 20% down at 6.66%. That is $468 principal and interest, $30 property tax, $68 homeowners insurance, $197 utilities and $76 set aside for maintenance.
What is the property tax rate in Waldo?
Waldo has an effective property tax rate of 0.397%, based on a median home value of $91,000 and median real estate taxes of $361. That is lower than the Columbia County average of 0.482%.
What is the average home price in Waldo?
The median owner-occupied home value in Waldo, Arkansas is $91,000, against $141,700 across Columbia County.
Is it cheaper to rent or buy in Waldo?
Median gross rent in Waldo is $657 a month, against $839 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 Waldo — 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.