Mortgage Calculator & Closing Costs: Bentonville, AR
Mortgage payment estimates, closing cost breakdowns, and homebuying data for Bentonville, Arkansas.
Median Home Price
$345K
Population
57K
Avg Monthly Rent
$1,280
Property Tax Rate
0.62% *
* Property tax shown is the Arkansas state average effective rate. Actual rates vary by county, city, and school district — check with your local assessor for exact rates in Bentonville.
Bentonville vs Arkansas Median
The median home price in Bentonville is $345,000, which is 77% above the Arkansas state median of $195,000.
Mortgage Calculator — Bentonville, AR
Pre-filled with Bentonville median home price and Arkansas tax/insurance rates. Adjust for your property.
Three down payment scenarios for a $345K home using Arkansas's 0.62% tax rate and $2,500/yr insurance.
5% Down
$2,649/mo
Down: $17,250
Loan: $328K
P&I: $2,072
Tax: $178
Insurance: $208
PMI: $191
10% Down
$2,530/mo
Down: $34,500
Loan: $311K
P&I: $1,963
Tax: $178
Insurance: $208
PMI: $181
20% Down (No PMI)
$2,131/mo
Down: $69,000
Loan: $276K
P&I: $1,745
Tax: $178
Insurance: $208
Income needed (28% rule): $91K/year with 20% down, $108K/year with 10% down.
Rent vs Buy in Bentonville
Rent
$1,280/mo
vs
Buy (10% down)
$2,530/mo
Price-to-rent ratio: 22.5 — At a ratio above 20, renting may be more economical in Bentonville for shorter stays. Buying costs $1,250 more per month than renting, and it typically takes 5-7 years to break even on the transaction costs of buying.
The median home price in Bentonville is $345,000, 77% above the Arkansas state median of $195,000. With a population of 57,214, Bentonville is a smaller market where home prices reflect strong demand and local economic factors.
Property taxes in Arkansas average 0.62% annually. This low property tax rate is a significant advantage for Bentonville buyers, keeping your monthly costs well below what you'd pay in higher-tax states. Homeowners insurance in Arkansas runs approximately $2,500 per year. This is within the normal range nationally.
Average rent in Bentonville is $1,280/month. With a price-to-rent ratio above 20, renting could be more economical in the short term — use our Rent vs Buy calculator to model your specific timeline.
Bentonville presents moderate affordability. The $345K median puts homeownership within reach for median-income households, though down payment savings and closing costs require planning.
Run a Rent vs Buy analysis
Compare total costs of renting vs buying in Bentonville.