Estimate your monthly payment in Arkansas. Uses 2026 average home prices ($195,000), 0.62% property tax, and programs for Little Rock, Fayetteville, and Fort Smith.
The average home price in Arkansas is approximately $195,000 in 2026. With a standard 20% down payment of $39,000, your estimated monthly principal and interest on a 30-year loan at 6.8% would be around $1,017. Adding Arkansas's 0.62% property tax and homeowner's insurance brings your total estimated monthly PITI to roughly $1,199.
Key markets include Little Rock, Fayetteville, and Fort Smith, each with varying price points. A 15-year loan at 6.3% would run approximately $1,342/month in P&I — higher payments but roughly half the lifetime interest cost. Adjust the sliders above to see how rate and term changes affect your payment instantly.
Arkansas offers the ADFA Move-Up Program for qualifying buyers. These programs typically provide down payment assistance, below-market interest rates, or both. Contact your state housing finance agency to check current income and purchase-price limits.
2026 Rate Tip: 30-year fixed rates average 6.5–7.5% in 2026. Even 0.25% lower saves roughly $11,700 over the loan's life. Get quotes from at least 3–5 lenders.
The average home price in Arkansas is approximately $195,000 in 2026. Little Rock and Fayetteville tend to have higher prices than rural areas of the state.
Arkansas's effective property tax rate is approximately 0.62%, which equals about $1,209/year or $101/month on a $195,000 home.
ADFA Move-Up Program is available to qualifying buyers in Arkansas and offers down payment assistance and/or below-market rates. Contact your state housing finance agency for details.