Cost of Ownership · Arkansas
The true cost of owning a home in Arkansas
For a median $188,000 home in Arkansas, here is the full monthly cost — not just the mortgage. Built from public data: the state's median home value and effective property-tax rate, its average homeowners premium, and the current 30-year rate. This is a representative example, not a quote.
Lender-approved payment
$1,381/mo
PITI + PMI
True monthly cost
$1,537/mo
everything, incl. upkeep
The gap
+$157/mo
what approval leaves out
Effective property-tax rate
0.55%
Avg. homeowners premium
$1,740/yr
NFIP flood claims on record
10,250
Closing costs in Arkansas
Median closing costs and lender origination charges on real home-purchase loans in Arkansas, from public CFPB HMDA data. Cells with fewer than 25 loans aren't shown.
Median total closing costs
$5,093
Typically $3,443–$7,607
Median origination charges
$2,294
Typically $1,200–$3,748
| Loan size | p25 | Median | p75 | Loans |
|---|---|---|---|---|
| All | $3,443 | $5,093 | $7,607 | 28,485 |
| All | $3,214 | $4,900 | $7,383 | 27,210 |
| < $250k | $3,308 | $4,840 | $6,810 | 15,695 |
| < $250k | $3,064 | $4,614 | $6,546 | 16,579 |
| $250k–$500k | $3,551 | $5,818 | $9,250 | 10,541 |
| $250k–$500k | $3,382 | $5,804 | $9,379 | 9,069 |
| $500k–$750k | $3,558 | $4,825 | $9,012 | 1,275 |
| $500k–$750k | $3,691 | $4,620 | $8,677 | 1,665 |
| > $750k | $4,139 | $5,318 | $8,112 | 584 |
| > $750k | $3,888 | $4,803 | $7,947 | 287 |
Compare your own Loan Estimate with the Loan Estimate Decoder, or see every state in the Fee & Rate Index.
Common questions about buying a home in Arkansas
- What are the median closing costs in Arkansas?
- Median total closing costs — lender and third-party charges — on a home-purchase loan in Arkansas are about $5,093, from public CFPB HMDA data. Cells with fewer than 25 loans are suppressed.
- What is the effective property-tax rate in Arkansas?
- The effective property-tax rate in Arkansas is about 0.55%, from the Census American Community Survey (median real estate taxes divided by median home value).
- What does a median home cost to own each month in Arkansas?
- A median $188,000 home in Arkansas costs about $1,537 a month to own — principal, interest, property tax, insurance, PMI, and a maintenance reserve — versus a lender-approved payment of about $1,381. Every figure is from public data.
These figures use Arkansas's median home value and a 10% down payment as a representative example. Your price, rate, and county rate will differ — run your own numbers in the True Cost tool, see how Arkansas ranks on property tax and insurance, or browse every state.