Side-by-side comparison of mortgage costs, property taxes, closing costs, and homeowners insurance between Arkansas and Florida. Updated for 2026.
Metric
Arkansas
Florida
Median Home Price
$195K
$395K
Property Tax Rate
0.62%
0.86%
Avg Closing Costs
$3K
$7K
Closing Cost %
1.5%
1.8%
Transfer Tax
0.33%
0.7%
Homeowners Insurance
$2,500/yr
$4,200/yr
First-Time Buyer Program
ADFA Down Payment Assistance
Up to $15,000 DPA
Florida Hometown Heroes
Up to 5% as 0% deferred loan
Verdict
Arkansas wins 6 of 6 cost categories, making it the more affordable state for homebuyers overall. With a median home price of $195K and lower overall costs, Arkansas offers meaningful savings compared to Florida. Both states offer first-time buyer programs — explore the state pages for full details.