Mortgage payment estimates, closing cost breakdowns, and homebuying data for Little Rock, Arkansas.
Pre-filled with Little Rock median home price and Arkansas tax/insurance rates. Adjust for your property.
Estimated closing costs based on Arkansas rates and fees applied to Little Rock prices.
The median home price in Little Rock is $215,000, 10% above the Arkansas state median of $195,000. With a population of 202,591, Little Rock is a mid-size city where home prices reflect strong demand and local economic factors.
Property taxes in Arkansas average 0.62% annually. This low property tax rate is a significant advantage for Little Rock buyers, keeping your monthly costs well below what you'd pay in higher-tax states. Homeowners insurance in Arkansas runs approximately $2,500 per year. This is within the normal range nationally.
Average rent in Little Rock is $1,050/month. The price-to-rent ratio in Little Rock is moderate, meaning the buy-vs-rent decision depends heavily on how long you plan to stay.
Little Rock offers strong affordability. With median prices under $250K, first-time buyers have realistic paths to homeownership, especially combined with Arkansas's ADFA Down Payment Assistance program.