Arkansas · AR

Arkansas Mortgage Calculator

Pre-filled for Arkansas: median home price $200,000, average property tax rate 0.62%. Adjust any slider to make it yours.

Arkansas housing at a glance

Median home price: $200,000
Effective property tax rate: 0.62% / yr
Annual property tax (median home): $1,240
Est. monthly tax escrow: $103
State income tax: Yes

Sources: regional housing data 2025 (median price), state assessor averages 2024–2025 (tax rate).

Buying a home in Arkansas

The median home price in Arkansas is around $200,000 and the effective property tax rate averages 0.62%of assessed value per year. Most lenders look for a debt-to-income (DTI) ratio under 43%, meaning your total monthly debt payments (including this mortgage) shouldn't exceed 43% of your gross income.

A 20% down payment on the median home in Arkansas is $40,000. Putting down at least 20% eliminates private mortgage insurance (PMI), which typically adds 0.3–1.5% of the loan amount per year to your monthly payment.

Foreclosure & legal context

Foreclosure type: Non-judicial (trustee sale)
Security instrument: Mortgage
Deficiency liability: Recourse

Arkansas mortgage FAQ

What is the monthly mortgage payment for a median-priced home in Arkansas?: At the current 30-year fixed rate of ~6.81%, a $200,000 home in Arkansas with 20% down ($40,000) carries a principal-and-interest payment of ~$1,044/mo. Add property tax (~$103/mo at 0.62%) and homeowners insurance and your total is roughly $1,147/mo. Use the calculator above to adjust for your exact down payment and rate.
What is the property tax rate in Arkansas?: The effective statewide property tax rate in Arkansas averages 0.62% of assessed value per year. On a $200,000 home, that works out to roughly $1,240 per year ($103/mo). Individual county rates vary.
Does Arkansas have a state income tax?: Yes, Arkansas has a state income tax. This affects your net take-home pay and therefore your effective purchasing power — use our salary calculator to estimate what's left after tax.
What type of foreclosure does Arkansas use?: Arkansas uses non-judicial (trustee sale) foreclosure, which typically moves faster than court-supervised processes.

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