Mortgage on a $200K house in Arkansas
$1,260 a month with 20% down — $1,076 principal and interest plus $83 property tax and $100 insurance.
Arkansas's typical property tax is 0.5% of the home's value a year (U.S. average 0.9%), which adds $83 a month on a $200K home. The typical home in Arkansas is worth $224,158, so $200K is 11% below the typical price.
$200K home in Arkansas: payment by down payment
| Down payment | Cash down | Loan | Principal + interest | PMI / MIP | Tax + insurance | Total / month | Income needed |
|---|---|---|---|---|---|---|---|
| 20% down | $40,000 | $160,000 | $1,076 | $0 | $183 | $1,260 | $54,000 |
| 10% down | $20,000 | $180,000 | $1,211 | $75 | $183 | $1,469 | $63,000 |
| 5% down | $10,000 | $190,000 | $1,278 | $79 | $183 | $1,541 | $66,000 |
| 3.5% down (FHA) | $7,000 | $196,378 | $1,321 | $88 | $183 | $1,593 | $68,300 |
Assumes a 30-year fixed loan at 7.11%, property tax of 0.5% 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.
Where in Arkansas does $200K buy a typical home?
In these counties the typical home value is within 15% of $200K:
| County | Typical home | Tax rate | Total / month |
|---|---|---|---|
| Sebastian County | $202,172 | 0.62% | $1,280 |
| Greene County | $194,258 | 0.48% | $1,257 |
| White County | $207,632 | 0.46% | $1,253 |
| Fulton County | $191,558 | 0.47% | $1,254 |
| Montgomery County | $210,131 | 0.32% | $1,229 |
| Pulaski County | $210,341 | 0.76% | $1,304 |
| Polk County | $188,159 | 0.41% | $1,244 |
| Pope County | $212,934 | 0.56% | $1,269 |
| Stone County | $186,367 | 0.32% | $1,230 |
| Grant County | $214,346 | 0.54% | $1,267 |
| Johnson County | $182,721 | 0.52% | $1,264 |
| Craighead County | $218,004 | 0.53% | $1,265 |
53 of 74 Arkansas counties tracked by Zillow have a typical home value at or below $200K. See all Arkansas home prices.
Other prices in Arkansas
Frequently asked questions
What is the mortgage on a $200K house in Arkansas?
About $1,260 a month with 20% down at 7.11%: $1,076 principal and interest, $83 property tax and $100 insurance.
How much do I need to make to buy a $200K house in Arkansas?
About $54,000 a year, so that the payment stays under 28% of your gross income.
What is the property tax on a $200K house in Arkansas?
At Arkansas's typical effective rate of 0.5%, about $1,000 a year. Rates vary by county and city — see the county pages.