Total monthly cost of ownership
Cost to Own a Home in Wynne, Arkansas
A $125,000 home here costs
$1,157per 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 $49,500 a year.
A standard mortgage calculator would have told you $681. The real number is $475 higher every month, 70% more than the payment most buyers budget for.
Compare Cross 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.
Wynne against Cross County and Arkansas
| Measure | Wynne | Cross County |
|---|---|---|
| Median home value | $125,300 | $104,000 |
| Median property tax | $714 | $574 |
| Effective tax rate | 0.570% | 0.552% |
| Median gross rent | $793 | $797 |
| Population | 8,220 | 16,681 |
The weather behind that power bill
Wynne sits in Cross County, which averages a high of 91.8°F in its hottest month and a low of 31.5°F in its coldest, with 50.59" of precipitation a year and 31% of it in a single three-month stretch. That climate drives 2,183 cooling and 3,163 heating degree days, which is what sets the $151 electricity line above.
See the full climate breakdown for Cross County , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Cross County
No other places of this size are published in Cross County.
Talk to someone who works this market
These are Wynne 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 Wynne every week. Free, no obligation, and we never sell your details to a list.
Common questions
How much does it cost to own a home in Wynne?
A $125,000 home in Wynne, Arkansas costs approximately $1,157 per month with 20% down at 7.24%. That is $681 principal and interest, $59 property tax, $93 homeowners insurance, $219 utilities and $104 set aside for maintenance.
What is the property tax rate in Wynne?
Wynne has an effective property tax rate of 0.570%, based on a median home value of $125,300 and median real estate taxes of $714. That is higher than the Cross County average of 0.552%.
What is the average home price in Wynne?
The median owner-occupied home value in Wynne, Arkansas is $125,300, against $104,000 across Cross County.
Is it cheaper to rent or buy in Wynne?
Median gross rent in Wynne is $793 a month, against $1,157 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 Wynne?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Wynne, Arkansas at today's rate takes a household income of roughly $49,500 a year. That covers the full $1,157 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Wynne, 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.