Arkansas Mortgage Calculator 2026
Arkansas consistently ranks among the most affordable states for homeownership, with a median home price around $195,000 and low property taxes. The Northwest Arkansas corridor — anchored by Walmart's headquarters in Bentonville — has emerged as one of the fastest-growing regions in the South.
Calculate Your Arkansas Mortgage Payment
Pre-filled with Arkansas averages — adjust any value to match your situation.
= $39,000 down
Estimated Monthly Payment Breakdown
Based on $195,000 home price, 20% down, 30-year fixed at 7.25%.
Arkansas Property Taxes & Income Tax
Arkansas's 0.62% property tax rate is well below the national average. The Homestead Property Tax Credit reduces bills by up to $375/year. The state income tax top rate is 4.7%, declining as part of ongoing tax reform.
Arkansas Homeowners Insurance
Arkansas faces tornado, severe thunderstorm, and ice storm risk. Annual insurance averages $1,400–$2,000. The Mississippi River Delta region can experience flooding. Budget $120–$170/month.
Arkansas Housing Market Overview
Northwest Arkansas (Fayetteville, Bentonville, Rogers) has seen significant growth driven by Walmart, Tyson Foods, and tech. Central Arkansas (Little Rock) offers a stable, affordable market. Much of rural Arkansas qualifies for USDA loans.
Frequently Asked Questions
What is the average mortgage payment in Arkansas?
Based on Arkansas's median home price of $195,000, a 20% down payment, and a 30-year fixed rate of 7.25%, the estimated total monthly payment (PITI) is approximately $1,298/month.
What is the conforming loan limit in Arkansas?
The conforming loan limit in Arkansas is $766,550. Loans above this amount are jumbo loans requiring stronger credit and larger down payments.
Can I get a USDA loan in Arkansas?
Yes — Arkansas has USDA-eligible rural areas where qualifying buyers can purchase a home with zero down payment. Use the USDA eligibility map to check specific addresses.
Are VA loans available in Arkansas?
Yes — eligible veterans, active-duty service members, and surviving spouses can use VA loans in Arkansas with no down payment and no PMI. The VA loan limit in Arkansas is $766,550.
Arkansas Loan Limits
Arkansas Homebuyer Programs
Below-market interest rates and down payment assistance for qualifying homebuyers in Arkansas.
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