2026 data · 0.57% property tax · Median home $154,800
Arkansas Mortgage Calculator
A median-priced home in Arkansas ($154,800) costs roughly $1,017 per month all-in (PITI), assuming 20% down and a 30-year fixed at 7.0%. Arkansas's effective property tax rate is 0.57% — well below the US average of about 1.0%.
Arkansas median-home monthly payment
$1,017/mo
P&I $824 · Tax $74 · Insurance $120
@ $154,800 price, 20% down, 30-yr fixed at 7.0%
For a custom calculation with your specific numbers (different down payment, rate, term, or home price), use the main mortgage calculator — it includes a full amortization schedule.
Monthly payments at common home prices in Arkansas
| Home price | 20% down | P&I | Prop tax | Insurance | Total PITI/mo |
|---|---|---|---|---|---|
| $154,800 (state median) | $30,960 | $824 | $74 | $120 | $1,017 |
| $200,000 | $40,000 | $1,064 | $95 | $155 | $1,314 |
| $300,000 | $60,000 | $1,597 | $143 | $232 | $1,972 |
| $400,000 | $80,000 | $2,129 | $190 | $310 | $2,629 |
| $500,000 | $100,000 | $2,661 | $238 | $388 | $3,286 |
| $750,000 | $150,000 | $3,992 | $356 | $581 | $4,929 |
Calculations use Arkansas's 0.57% effective property tax rate, estimated homeowners insurance at 0.93%/year of home value, 30-year fixed at 7.0%, no PMI (20% down). Closing costs not included.
Arkansas property tax
Effective rate
0.57%
Median home value
$154,800
Median property tax
$878/yr
Arkansas has below-average property tax rates and offers a homestead property tax credit of up to $500 annually for owner-occupied homes. Amendment 79 caps annual assessment increases at 5%.
See our property tax calculator for a state-by-state property tax breakdown, and our Arkansas paycheck calculator to estimate take-home pay against this monthly housing cost.
Arkansas vs neighboring states
| State | Property tax rate | Median home | Median tax/yr | |
|---|---|---|---|---|
| Arkansas (this page) | 0.57% | $154,800 | $878 | |
| Missouri | 0.88% | $207,400 | $1,808 | Missouri mortgage → |
| Tennessee | 0.56% | $269,600 | $1,520 | Tennessee mortgage → |
| Mississippi | 0.65% | $140,200 | $872 | Mississippi mortgage → |
| Louisiana | 0.55% | $181,500 | $988 | Louisiana mortgage → |
FAQs about Arkansas mortgages
What is the property tax rate in Arkansas?
Arkansas's effective property tax rate is 0.57%, meaning the average homeowner pays roughly 0.57% of their home's value in property tax annually. On a $154,800 home (the state median), that's about $878 per year, or $73 per month added to your mortgage payment.
What is the average monthly mortgage payment in Arkansas?
For a home at Arkansas's median value of $154,800, assuming 20% down, a 30-year fixed mortgage at 7.0%, and Arkansas's 0.57% property tax + estimated insurance, the typical monthly PITI payment is approximately $1,017. This includes $824 principal & interest, $74 property tax, and $120 homeowners insurance.
How much income do I need to buy a house in Arkansas?
Using the standard 28% front-end DTI rule, you'd need annual income of approximately $43,586 to comfortably afford Arkansas's median-priced home. Lenders typically allow up to 43% total DTI (including all debts), which corresponds to about $28,381 annual income at the maximum end. Your specific qualification depends on credit score, down payment, debts, and lender requirements.
Is Arkansas a good state to buy a house?
Arkansas's combination of 0.57% property tax (well below the national average of ~1.0%) and median home value of $154,800 make it one of the more affordable states for homeowners. Arkansas has below-average property tax rates and offers a homestead property tax credit of up to $500 annually for owner-occupied homes.
How does Arkansas property tax compare to neighboring states?
Arkansas's 0.57% rate compares to: Missouri at 0.88%, Tennessee at 0.56%, Mississippi at 0.65%, Louisiana at 0.55%. Property taxes can differ substantially between bordering states — moving 30 miles across a state line can change your annual tax bill by thousands.
Does Arkansas have a homestead exemption?
Arkansas has below-average property tax rates and offers a homestead property tax credit of up to $500 annually for owner-occupied homes. Amendment 79 caps annual assessment increases at 5%.
What's included in PITI?
PITI stands for Principal, Interest, Taxes, and Insurance — the four standard components of a mortgage payment. For your Arkansas mortgage, the breakdown on a median-priced home would be: Principal & Interest $824, Property Tax $74, Homeowners Insurance $120. Add PMI if your down payment is under 20%, and HOA fees if your home is in a community with one.