🏦 Mortgage Calculators Arkansas

How Much House Can I Afford in Arkansas?

Find out how much house you can afford in Arkansas with 0.62% property tax. Uses 28/36 rule with Arkansas-specific data.

Free — No Sign-up Verified Data Editorially Reviewed Updated Feb 2026

Arkansas Quick Facts

4.4% Income Tax Rate

0.62% Property Tax Rate

$52,528 Median Income

89 Cost of Living

How This Calculator Works

Calculation methodology and assumptions

Calculates home affordability in Arkansas using the 28/36 rule. Maximum 28% of gross monthly income for housing (PITI). Includes Arkansas's effective property tax rate of 0.62% and average home insurance of $2,600/year. Median home price in Arkansas: $185,000.

Key State Information

Arkansas housing market: Median home price $185,000 | Property tax rate 0.62% | Avg home insurance $2,600/yr | Median household income $52,528. Home prices are moderate relative to income.

Standard financial formulas Pre-filled with real state data Estimates only — not financial advice

Data Source

Census Bureau, Zillow, Tax Foundation

View Original Source | Verified 2024-12-01 | Updated annually

Frequently Asked Questions

How much house can I afford on the median income in Arkansas?

With Arkansas's median household income of $52,528 and a 10% down payment, you can typically afford a home priced around $183,848-$236,376 depending on debts and interest rates. The median home in Arkansas costs $185,000.

What is the property tax rate in Arkansas?

Arkansas's effective property tax rate is 0.62%. On a $185,000 home, that's approximately $1,147/year or $96/month.