Buying in Arkansas: what the numbers look like
Arkansas sits mid-pack for property taxes — 0.53% average effective rate (38th of 50, national average ≈ 0.94%), which works out to about $1,113 a year on the typical $210,000 home. On the insurance side, Arkansas homeowners average about $3,900 a year — 45% above the 50-state average, so get quotes early; the premium can move a deal's math. Hail and tornado exposure keeps premiums well above the national average.
Put together at an illustrative 6.5% rate (30-year, 20% down), the typical Arkansas purchase pencils out near $1,480/month: $1,062 principal & interest + $93 tax + $325 insurance. That's the number the calculator above starts from — swap in your real price, rate quote, and county figures to make it yours.
Property taxes & closing costs in Arkansas
Rates vary meaningfully by county and school district within Arkansas, so treat the 0.53% state average as a starting point and confirm your county's rate with the assessor before locking a budget.
Transfer tax: Real property transfer tax of $3.30 per $1,000 (0.33%) on sales above $100. Closing costs also include lender, title, and recording fees — typically 2–5% of the price all-in.
Arkansas at a glance
| Typical home value (Zillow, 2025) | $210,000 (45th highest) |
| Avg. effective property tax (2023) | 0.53% ≈ $93/mo |
| Avg. home insurance (2025) | $3,900/yr ≈ $325/mo |
| Example payment (typical home, 6.5%, 20% down) | $1,480/mo |
Frequently asked questions
How much is the mortgage payment on a typical Arkansas home?
The typical Arkansas home runs about $210,000 (Zillow, 2025). With 20% down ($42,000) on a 30-year loan at an illustrative 6.5% rate, the full monthly payment is roughly $1,480 — $1,062 principal & interest, $93 property tax, and $325 insurance. Adjust every input above to match your own price and quote.
What is the property tax rate in Arkansas?
Arkansas's average effective rate is 0.53% of home value — the 38th lowest — that is, 13th lowest in the nation (Tax Foundation, 2023 data). On the typical $210,000 home that is about $1,113 per year. Actual rates vary by county and city, so verify the figure for your specific address with the county assessor.
How much is homeowners insurance in Arkansas?
Roughly $3,900 per year on average for $300k of dwelling coverage (Bankrate, 2025) — above the 50-state average of $2,682. Hail and tornado exposure keeps premiums well above the national average.
Nearby states & more tools
Compare: Missouri mortgage calculator · Tennessee mortgage calculator · Oklahoma mortgage calculator · Louisiana mortgage calculator — or see all 50 states compared.
Not sure of your price range? Start with the home affordability calculator, then fine-tune here. The full mortgage calculator has extra payments and PMI controls too.
Data & sources: Property tax — Effective property tax rate on owner-occupied housing, calendar year 2023 (Tax Foundation analysis of Census ACS data, published 2025). Home value — Typical home value, Zillow Home Value Index (ZHVI), 2025, rounded to the nearest $5,000. Insurance — Average annual homeowners insurance premium for $300k dwelling coverage (Bankrate/Quadrant 2025), rounded to the nearest $50. State-level figures are planning defaults, not quotes: property taxes vary by county and city, insurance varies by home and insurer, and home values move monthly. Every value prefills the calculator but remains editable. The 6.5% rate is illustrative, not an offer or a prediction — always enter a real quote.
Disclaimer: Educational purposes only — not financial advice. See our Terms of Use.