Mortgage Calculator & Closing Costs: Fayetteville, AR
Mortgage payment estimates, closing cost breakdowns, and homebuying data for Fayetteville, Arkansas.
Median Home Price
$295K
Population
94K
Avg Monthly Rent
$1,150
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 Fayetteville.
Fayetteville vs Arkansas Median
The median home price in Fayetteville is $295,000, which is 51% above the Arkansas state median of $195,000.
Mortgage Calculator — Fayetteville, AR
Pre-filled with Fayetteville median home price and Arkansas tax/insurance rates. Adjust for your property.
Three down payment scenarios for a $295K home using Arkansas's 0.62% tax rate and $2,500/yr insurance.
5% Down
$2,296/mo
Down: $14,750
Loan: $280K
P&I: $1,771
Tax: $152
Insurance: $208
PMI: $163
10% Down
$2,194/mo
Down: $29,500
Loan: $266K
P&I: $1,678
Tax: $152
Insurance: $208
PMI: $155
20% Down (No PMI)
$1,852/mo
Down: $59,000
Loan: $236K
P&I: $1,492
Tax: $152
Insurance: $208
Income needed (28% rule): $79K/year with 20% down, $94K/year with 10% down.
Rent vs Buy in Fayetteville
Rent
$1,150/mo
vs
Buy (10% down)
$2,194/mo
Price-to-rent ratio: 21.4 — At a ratio above 20, renting may be more economical in Fayetteville for shorter stays. Buying costs $1,044 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 Fayetteville is $295,000, 51% above the Arkansas state median of $195,000. With a population of 93,949, Fayetteville 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 Fayetteville 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 Fayetteville is $1,150/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.
Fayetteville presents moderate affordability. The $295K 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 Fayetteville.