Arkansas Mortgage Calculator 2026

Calculate your monthly mortgage payment for a home in Arkansas (AR). The median home price in Arkansas is $175,300, with an effective property tax rate of 0.57% (ranked #39 nationally). Use our free calculator to compare FHA, VA, USDA, and conventional loan options with real Arkansas data.

Arkansas Property Tax Information

Arkansas has an effective property tax rate of 0.57%, ranking #39 among all 50 states. The median annual property tax is $1,003 ($84/month). Source: Tax Foundation 2025.

Arkansas Loan Limits 2026

FHA loan limit in Arkansas: $524,225 (floor) to $524,225 (ceiling for high-cost areas). Conforming loan limit: $806,500 (baseline) to $806,500 (ceiling).

Estimated Monthly Payment in Arkansas

For a median-priced home of $175,300 with 20% down ($35,060), at 6.5% interest over 30 years: estimated monthly principal and interest is $886, plus $84 in property taxes and approximately $125 in homeowner's insurance, for a total estimated payment of approximately $1,095/month.

Arkansas Closing Costs

Average closing costs in Arkansas are $2,440 (0.84% of purchase price), ranked #43 nationally. Arkansas charges a transfer tax on real estate transactions. Source: Bankrate/LodeStar 2025.

Arkansas Housing Market 2026

Home prices in Arkansas have increased 4.1% year-over-year. Average days on market: 48. Inventory level: moderate. Currently considered a buyer's market.

Down Payment Assistance Programs in Arkansas

Arkansas offers 3 down payment assistance programs through Arkansas Development Finance Authority (ADFA):

  • Arkansas Dream Down Payment Initiative (ADDI) (forgivable loan): Forgivable over 5 years. Must be first-time buyer with income below 80% AMI. - Up to Up to $10,000
  • ADFA DPA Program (second mortgage): 10-year second mortgage at 0% interest. Repaid when home is sold or refinanced. - Up to Up to $15,000
  • Mortgage Credit Certificate (MCC) (mcc): Federal tax credit for a portion of mortgage interest paid annually. - Up to Up to $2,000/year tax credit

Contact ADFA: https://www.adfa.arkansas.gov | Phone: 501-682-5900

Did You Know About Arkansas?

  • Arkansas has one of the most affordable housing markets in the US
  • Homestead credit reduces property taxes on primary residences
  • Northwest Arkansas is experiencing rapid growth and price appreciation
  • Many rural areas eligible for USDA zero-down loans

Frequently Asked Questions About Buying a Home in Arkansas

What is the average property tax rate in Arkansas?

The effective property tax rate in Arkansas is 0.57%, with a median annual tax of $1,003. This ranks #39 among all states.

What are the FHA loan limits in Arkansas for 2026?

The FHA loan floor in Arkansas is $524,225 and the ceiling is $524,225 for high-cost areas. The conforming loan limit baseline is $806,500.

How much are closing costs in Arkansas?

Average closing costs in Arkansas are $2,440, which is approximately 0.84% of the purchase price.

Are there first-time homebuyer programs in Arkansas?

Yes, Arkansas offers 3 down payment assistance programs through Arkansas Development Finance Authority, including grants, forgivable loans, and second mortgages.

Is Arkansas a good place to buy a home in 2026?

With a median home price of $175,300 and moderate inventory, Arkansas is currently a buyer's market. Home prices have increased 4.1% over the past year.

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Data last updated: 2025-11. This information is for educational purposes only and should not be considered financial advice.