Arkansas Mortgage Rates & Home Prices (2026)
Median price: $195,000 · Avg. rate: 6.90%
Arkansas Market Overview
$195,000
Median Home Price
6.90%
Avg. 30-Yr Rate
0.61%
Property Tax Rate
66.2%
Homeownership Rate
Arkansas ranks among the most affordable states for homebuyers. The Arkansas Development Finance Authority offers down payment assistance up to $15,000 and competitive interest rates. Low cost of living makes homeownership accessible even with modest incomes.
Estimated Monthly Payment
Median home in Arkansas (20% down, 30-yr fixed)
$1,208/mo
Principal & Interest$1,027
Property Taxes$99
Home Insurance (est.)$81
Total Monthly (PITI)$1,208
Based on a $195,000 home with 20% down ($156,000 loan) at 6.90%. Does not include PMI, HOA, or other fees.
First-Time Buyer Programs in Arkansas
- ADFA Down Payment Assistance
- ADFA Move-Up Program
- Mortgage Credit Certificate
Contact your state's Housing Finance Agency for current program availability and requirements.
Rate Comparison: AR Rates
30-Year Fixed6.90%
15-Year Fixed6.15%
5/1 ARM (est.)6.15%
FHA 30-Year6.75%
VA 30-Year6.65%
Rates are estimates based on state averages and may vary by lender and borrower qualifications.
Frequently Asked Questions
Key Stats: AR
FHA Loan Limit$472,030
Median Income$52,528
Cost Index0.79x