Arkansas Homeowners Insurance Calculator 2026 — Annual Cost
Last updated: April 2026 · Source: Zillow, Freddie Mac, Tax Foundation
Quick Answer
Homeowners insurance in Arkansas averages $2,200/year or $183/month for a $185K home. This is above the US national average of $1,900/year. Rates vary by location, coverage level, and home age.
Arkansas Housing & Mortgage Data
| Median Home Price | $185,000 |
| 30-Year Fixed Rate | 6.88%(State average, Apr 2026) |
| Property Tax Rate | 0.62%(Effective rate) |
| Avg HO Insurance | $2,200/yr ($183/mo) |
| Typical Down Payment | 10% ($18,500) |
| Median Household Income | $50,000/yr |
Key Facts for Arkansas
- ✓Arkansas median home price is $185,000 as of 2026
- ✓30-year fixed mortgage rates in Arkansas average 6.88%
- ✓Property taxes in Arkansas are 0.62% — near the national average of 1.10%
- ✓Homeowners insurance averages $2,200/year in Arkansas
- ✓A household earning $46,250/year can typically afford the median Arkansas home
More Arkansas Calculators
Frequently Asked Questions — Homeowners Insurance Calculator in Arkansas
- What does homeowners insurance cover in Arkansas?
- Standard homeowners insurance in Arkansas covers your dwelling (structure), personal property, liability, and additional living expenses if you must temporarily relocate. Arkansas's average premium of $2,200/year is near the national average.
- Is homeowners insurance required in Arkansas?
- Homeowners insurance is not legally required in Arkansas, but virtually all mortgage lenders require it as a condition of the loan. Without a mortgage, you can self-insure, but this is rarely advisable given the cost of rebuilding a home. Flood insurance is separate and required in FEMA-designated flood zones.
- What is the average mortgage payment in Arkansas?
- The average monthly mortgage payment (principal + interest) in Arkansas is approximately $1,094 for a $166,500 loan at 6.88% over 30 years. Adding property tax ($96/mo) and homeowners insurance ($183/mo) brings total PITI to about $1,373/month.
- What credit score do I need for a mortgage in Arkansas?
- Most Arkansas lenders require a minimum 620 credit score for conventional loans and 580 for FHA loans (with 3.5% down). For the best rates in Arkansas, aim for 740+. A higher score can reduce your rate by 0.5–1.0%, saving $24,975 over the life of a 30-year loan.
- How much down payment is required to buy a home in Arkansas?
- You can buy a home in Arkansas with as little as 0% down (VA, USDA loans for eligible buyers), 3% down (conventional), or 3.5% down (FHA). On the Arkansas median home price of $185,000, a 20% down payment is $37,000 and lets you avoid PMI. Arkansas also has state-level down payment assistance programs for first-time buyers.
- What are current mortgage rates in Arkansas?
- Current 30-year fixed mortgage rates in Arkansas average 6.88% as of April 2026. 15-year fixed rates are typically 0.5–0.75% lower. Rates vary by lender, credit score, and loan-to-value ratio. Compare at least 3–5 lenders to ensure you get the best Arkansas mortgage rate.
- What is the property tax rate in Arkansas?
- Arkansas's effective property tax rate is 0.62%. On the Arkansas median home value of $185,000, annual property taxes are approximately $1,147 ($96/month). Property taxes in Arkansas are typically escrowed in your monthly mortgage payment.