Calculate Your Arkansas Mortgage Payment
Our calculator is pre-filled with Arkansas's median home price and property tax rate. Adjust the numbers to match your situation.
Open Calculator with AR DefaultsMonthly Payment Breakdown for Arkansas
Here's what your monthly payment looks like on the median Arkansas home ($215,000) with 20% down at 6.5%:
Note: This estimate assumes 20% down payment ($43,000), no PMI. With less than 20% down, add $72-$143/month for PMI.
Arkansas Property Taxes
Arkansas's effective property tax rate is 0.52%, which is below the national average of 0.89%.
Annual Property Tax on $215,000 Home
$1,118
($93/month escrowed)
Buying a Home in Arkansas: Key Facts
- Property tax rate of 0.52% is well below national average
- One of the most affordable states with median price of $215,000
- Northwest Arkansas (Fayetteville-Springdale) is fastest-growing region
- ADFA down payment assistance forgiven if you stay 5 years
Mortgage Calculators for Nearby States
Comparing homes across state lines? Check property taxes and home prices in neighboring states:
Arkansas First-Time Homebuyer Programs
Arkansas has 28 homebuyer assistance programs that can help with down payment and closing costs.
ADFA Down Payment Assistance
Up to $10,000 as forgivable second mortgage over 5 years
Forgivable LoanADFA Move-Up Program
Competitive rates for repeat buyers in targeted areas
Low-Interest MortgageMortgage Credit Certificate
Up to 50% of mortgage interest as annual tax credit
Tax CreditEligibility requirements typically include income limits, credit score minimums (usually 620+), and homebuyer education courses. Visit DownPaymentResource.com to search for programs you may qualify for.
Major Cities in Arkansas
Home prices and property taxes can vary significantly by city. The median home price of $215,000 is a statewide average.
Arkansas Mortgage FAQ
What is the property tax rate in Arkansas?
The average effective property tax rate in Arkansas is 0.52%. On a $215,000 home, that's approximately $1,118 per year or $93 per month added to your mortgage payment.
What is the median home price in Arkansas?
The median home price in Arkansas is $215,000 as of January 2026. Prices vary by location - Little Rock and Fort Smith typically have higher prices than rural areas.
Are there first-time homebuyer programs in Arkansas?
Yes, Arkansas has 28 homebuyer assistance programs. Popular options include ADFA Down Payment Assistance, which offers up to $10,000 as forgivable second mortgage over 5 years.
How much do I need to buy a house in Arkansas?
For the median Arkansas home ($215,000), you'd need $43,000 for a 20% down payment, plus $6,450-$10,750 for closing costs. With down payment assistance, you could potentially buy with as little as $7,525 (3.5% FHA down payment).
Ready to Calculate?
Use our free mortgage calculator with Arkansas property taxes pre-filled.
Calculate Your AR Mortgage Payment