CALCMONEY // MORTGAGE // AR
Calculate your monthly mortgage payment using Arkansas-specific property tax rates, current average interest rates, and local median home prices.
Open Full Calculator$195,000
6.95%
0.62%
2%–4.7%
How today's 6.95% rate compares to recent years
| Period | 30-Yr Rate | vs. Today |
|---|---|---|
| 2026 (current) | 6.95% | — |
| 2024 avg | 7.37% | -0.42% |
| 2023 avg | 7.80% | -0.85% |
| 2022 peak | 7.63% | -0.68% |
| 2021 avg | 3.55% | +3.40% |
| 2020 avg | 3.35% | +3.60% |
Rate estimates based on Freddie Mac Primary Mortgage Market Survey national averages adjusted for Arkansas market conditions. Actual rates vary by lender and borrower profile.
| Principal & Interest | $1,033 |
| Property Tax | $101 |
| Homeowners Insurance (est.) | $65 |
| Total Monthly Payment (PITI) | $1,198 |
$39,000
$215,750
$51,360/yr
Arkansas homebuyers face a $195,000 median price, 54% below the national figure. Against the state's $52,100 median household income, that's a 3.7x price-to-income ratio.
At a 0.62% average effective rate, Arkansas property taxes add $101 to the monthly payment on the median home, $1,209 a year statewide.
Unlike the nine no-income-tax states, Arkansas taxes wage income at 2%–4.7%. Worth running your actual take-home pay against the $1,198/month payment here before locking in a target price.
Beyond housing, Arkansas's cost of living index sits at 87 (national average = 100), running below the national baseline for groceries, transportation, and healthcare.
Arkansas's median home price runs 2% lower than Kentucky: $200,000 there versus $195,000 here.
Once you have your payment estimate, comparing lenders is the most important step. A 0.25% rate difference on a $156,000 loan saves $7,020 in interest over 30 years.
Compare Top Arkansas Mortgage Lenders