Buying a home in Arkansas

Property taxes, transfer taxes, home values and first-time buyer help in Arkansas.

Effective property tax rate

0.55%

Median tax $1,040 ÷ median value $188,000 (ACS 2020–2024)

Typical home value

$227,264

Zillow ZHVI, 2026-08

State transfer tax

0.33%

Usually paid by: split. Ark. Code § 26-60-105 (transfer tax); § 26-60-106 (split); § 21-6-306 (recording fee). Official source. Local taxes may add more.

Estimated buyer closing costs Estimate

$2,600–$4,400

On a $227,264 home: typical lender fees + title insurance + deed recording (TallyClose) + the buyer’s share of transfer/recording taxes. Excludes prepaids, escrow and local taxes.

At Arkansas's effective rate of 0.55%, a typical $227,264 home would owe about $1,250/year ($104/month) in property taxes. Actual bills depend on your county, city and exemptions. Run your numbers.

First-time homebuyer programs

Arkansas Development Finance Authority

Your state housing finance agency offers down payment assistance and low-rate mortgages for eligible buyers. Visit Arkansas Development Finance Authority →

Sources: U.S. Census Bureau ACS 2020–2024 5-year (B25103, B25077); Zillow Home Value Index; TallyClose closing-cost dataset (CC BY 4.0), which cites each state statute; NCSHA HFA directory. Last updated 2026-10-15.