Mortgage on a $250K house in Arkansas
$1,575 a month with 20% down — $1,345 principal and interest plus $104 property tax and $125 insurance.
Arkansas's typical property tax is 0.5% of the home's value a year (U.S. average 0.9%), which adds $104 a month on a $250K home. The typical home in Arkansas is worth $224,158, so $250K is 12% above the typical price.
$250K home in Arkansas: payment by down payment
| Down payment | Cash down | Loan | Principal + interest | PMI / MIP | Tax + insurance | Total / month | Income needed |
|---|---|---|---|---|---|---|---|
| 20% down | $50,000 | $200,000 | $1,345 | $0 | $229 | $1,575 | $67,500 |
| 10% down | $25,000 | $225,000 | $1,514 | $94 | $229 | $1,837 | $78,700 |
| 5% down | $12,500 | $237,500 | $1,598 | $99 | $229 | $1,926 | $82,500 |
| 3.5% down (FHA) | $8,750 | $245,472 | $1,651 | $111 | $229 | $1,991 | $85,300 |
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 $250K buy a typical home?
In these counties the typical home value is within 15% of $250K:
| County | Typical home | Tax rate | Total / month |
|---|---|---|---|
| Saline County | $254,314 | 0.62% | $1,599 |
| Faulkner County | $256,178 | 0.54% | $1,583 |
| Garland County | $243,734 | 0.48% | $1,570 |
| Cleburne County | $257,633 | 0.45% | $1,565 |
| Baxter County | $235,278 | 0.46% | $1,566 |
| Newton County | $235,171 | 0.38% | $1,550 |
| Carroll County | $266,669 | 0.51% | $1,578 |
| Boone County | $231,057 | 0.49% | $1,573 |
| Lonoke County | $230,061 | 0.63% | $1,601 |
| Madison County | $271,087 | 0.41% | $1,557 |
| Marion County | $223,523 | 0.47% | $1,569 |
| Crawford County | $220,684 | 0.54% | $1,582 |
67 of 74 Arkansas counties tracked by Zillow have a typical home value at or below $250K. See all Arkansas home prices.
Other prices in Arkansas
Frequently asked questions
What is the mortgage on a $250K house in Arkansas?
About $1,575 a month with 20% down at 7.11%: $1,345 principal and interest, $104 property tax and $125 insurance.
How much do I need to make to buy a $250K house in Arkansas?
About $67,500 a year, so that the payment stays under 28% of your gross income.
What is the property tax on a $250K house in Arkansas?
At Arkansas's typical effective rate of 0.5%, about $1,250 a year. Rates vary by county and city — see the county pages.