Can I Afford It

Can I afford a house in Arkansas?

Down payment
%

≈ $71,258 down

Interest rate6.70%
Loan term30 yrs

Ongoing housing costs

Estimated total

$1,839/mo

$
High risk100%
When is this due?
A two-story traditional craftsman-style house with a brick lower level and shake-style gable siding, a covered front porch with stone-based columns, and a fresh green lawn.

Arkansas is one of the more affordable states in the country - a Bureau of Economic Analysis regional price index of 86.9 against the 100 national average, about 13% lower overall - which is exactly what the starting home price below is adjusted for, instead of a flat national default.

Arkansas taxes income at graduated rates up to about 3.9%.

That makes it the 51st most expensive state in the country by this measure, out of 51 - worth knowing before assuming a national-average mortgage payment applies here.

Cost of living comparison

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