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Cost of homeownership in Arkansas

State averages from Census ACS, energy costs from DOE EIA, and appreciation from FHFA. County-level detail is below.

Avg home value
$124,300
Avg property tax
$680
Homeownership rate
70.7%
1yr appreciation
4.1%

Home price trend

FHFA House Price Index, quarterly.

Most expensive counties

  1. 1.Benton County$254,000
  2. 2.Washington County$235,500
  3. 3.Faulkner County$195,800
  4. 4.Saline County$194,400
  5. 5.Pulaski County$187,600
  6. 6.Craighead County$182,600
  7. 7.Carroll County$169,700
  8. 8.Lonoke County$169,600
  9. 9.Garland County$166,600
  10. 10.Cleburne County$162,200

Most affordable counties

  1. 1.Sevier County11.6%
  2. 2.Little River County11.9%
  3. 3.Monroe County12.3%
  4. 4.Woodruff County12.3%
  5. 5.Perry County12.4%
  6. 6.Grant County12.5%
  7. 7.Howard County12.5%
  8. 8.Mississippi County12.7%
  9. 9.Conway County12.8%
  10. 10.Searcy County12.8%
Avg electricity
12.8¢/kWh

DOE EIA residential average.

Avg annual energy cost
$1,387

Residential baseline.

Avg mortgage interest deduction
Pending

IRS SOI, state-level avg.

All counties in Arkansas

Frequently asked questions

How much does it cost to own a home in Arkansas?

Based on Census ACS, the state average home value in Arkansas is $124,300, with median annual property tax around $680. Your actual cost depends on county and property.

What is the property tax in Arkansas?

Property tax rates vary by county. Arkansas's state average sits at roughly $680 per year on a median home. See county-level pages for local rates.

How fast are home prices appreciating in Arkansas?

FHFA House Price Index data shows Arkansas appreciating 4.1% over the last year and 49.0% over the last five years.

Is homeownership high in Arkansas?

Arkansas's homeownership rate is 70.7% (Census ACS). The share of owner-occupied units varies widely across counties.

Data sources

Disclaimer. HomeRule is not a real estate agent, lender, appraiser, or financial advisor. This content is for educational and informational purposes only. Actual costs vary significantly by property, location, and individual circumstances. Consult qualified professionals for personalized advice.