Franklin County, Arkansas home prices
Typical home $175,565 · +4.8% in a year · property tax 0.49%
The typical home in Franklin County is worth $175,565, 22% less than the Arkansas typical home ($224,158). Values changed +4.8% in the past year and +20.8% over five years. Homeowners here pay a median 0.49% of their home's value in property tax each year ($866 on the typical home), versus 0.5% statewide.
Mortgage on the typical Franklin County home
| Down payment | Cash down | Loan | Principal + interest | PMI / MIP | Tax + insurance | Total / month | Income needed |
|---|---|---|---|---|---|---|---|
| 20% down | $35,113 | $140,452 | $945 | $0 | $160 | $1,105 | $47,300 |
| 10% down | $17,557 | $158,009 | $1,063 | $66 | $160 | $1,289 | $55,200 |
| 5% down | $8,778 | $166,787 | $1,122 | $69 | $160 | $1,351 | $57,900 |
| 3.5% down (FHA) | $6,145 | $172,385 | $1,160 | $78 | $160 | $1,397 | $59,900 |
Assumes a 30-year fixed loan at 7.11%, property tax of 0.49% of the home value a year, homeowners insurance of 0.6% a year, PMI of 0.5% of the loan a year when the down payment is under 20%, and FHA mortgage insurance of 0.55% a year plus a 1.75% upfront premium added to the loan. Your rate, taxes and insurance will differ.
What it takes: see what you can afford by salary in Arkansas · part of the Fort Smith metro area.
Arkansas counties with similar prices
| County | Typical home | 1-yr change | Tax rate |
|---|---|---|---|
| Independence County | $175,323 | +5.3% | 0.53% |
| Pike County | $178,817 | -2.5% | 0.59% |
| Izard County | $172,035 | +3.0% | 0.57% |
| Conway County | $171,762 | +9.1% | 0.56% |
| Sevier County | $180,317 | +8.9% | 0.44% |
| Searcy County | $180,358 | +5.7% | 0.43% |
| Perry County | $180,820 | +3.0% | 0.49% |
| Johnson County | $182,721 | +4.1% | 0.52% |
| Van Buren County | $167,718 | +1.9% | 0.43% |
| Logan County | $167,434 | +2.9% | 0.51% |
Frequently asked questions
What is the average home price in Franklin County, AR?
The typical home value in Franklin County is $175,565 (Zillow Home Value Index, September 2026).
How much do you need to earn to buy a house in Franklin County?
About $47,300 a year for the typical home with 20% down at a 7.11% 30-year rate.
What is the property tax rate in Franklin County?
The median effective rate is 0.49% of home value a year (Census ACS 2024 5-year estimates).