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Little Rock, AR mortgage & affordability calculator

The typical home in Little Rock, AR is worth about $230,000. With 20% down that's a loan near $184,000 — the calculator is pre-filled with that figure. Little Rock is one of the most affordable state-capital metros in the country, with prices well below the national median. Arkansas keeps property taxes low, though severe-storm risk pushes homeowners insurance above what the low prices alone would suggest.

$1,194.64 / month

Total interest
$246,075
Total paid
$430,075
Payoff
30.0 years
Balance over YearBalance ends near $0 at 30.$0$46k$92k$138k$184k0612182430Year

How much you need to earn

Little Rock, AR's median household income is about $58,000 a year. Under standard 28/36 lending rules that supports a home price around $204,449 with 20% down — below the $230,000 typical price, so many buyers need a larger down payment, a co-borrower, or a longer commute.

$204,370 max home price

Max loan amount
$158,370
Housing payment budget
$1,353
P&I budget
$1,028
Bound by
front-end ratio

Uses the 28% front-end / 36% back-end DTI guidelines. Lenders vary.

Typical asking rent in Little Rock, AR is about $1,150 a month, so owning the median home costs roughly $369 more per month before tax effects, maintenance, and any change in home value.

Frequently asked questions

What is a typical mortgage payment in Little Rock, AR?
On the metro's roughly $230,000 typical home with 20% down, the loan is about $184,000. Principal and interest run near $1,195 a month at today's rate, and Little Rock, AR's property tax plus insurance add about $325, for a full payment near $1,519.
Can I afford a home in Little Rock, AR on the median income?
The median household income is about $58,000 a year. Under standard 28/36 lending rules that supports a home price around $204,449 with 20% down — below the $230,000 typical price, so buyers often need a larger down payment or a co-borrower.
Is it cheaper to rent or buy in Little Rock, AR?
Typical asking rent is about $1,150 a month. The full owner payment on a median home is near $1,519, so owning costs roughly $369 more per month before tax effects, maintenance, and any appreciation.
How much are property taxes in Little Rock, AR?
The effective property tax rate in the core county is about 0.65% of market value — roughly $1,495 a year on the typical home. Your exact rate depends on the municipality and any exemptions.
Are home prices in Little Rock, AR rising or falling?
Home values are up about 3% over the past year. Little Rock is one of the most affordable state-capital metros in the country, with prices well below the national median. Arkansas keeps property taxes low, though severe-storm risk pushes homeowners insurance above what the low prices alone would suggest.

Nearby metros

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