Mortgage Calculator & Closing Costs: Van Buren, AR
Mortgage payment estimates, closing cost breakdowns, and homebuying data for Van Buren, Arkansas.
Median Home Price
$165K
Population
24K
Avg Monthly Rent
$820
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 Van Buren.
Van Buren vs Arkansas Median
The median home price in Van Buren is $165,000, which is 15% below the Arkansas state median of $195,000.
Mortgage Calculator — Van Buren, AR
Pre-filled with Van Buren median home price and Arkansas tax/insurance rates. Adjust for your property.
Three down payment scenarios for a $165K home using Arkansas's 0.62% tax rate and $2,500/yr insurance.
5% Down
$1,376/mo
Down: $8,250
Loan: $157K
P&I: $991
Tax: $85
Insurance: $208
PMI: $91
10% Down
$1,319/mo
Down: $16,500
Loan: $149K
P&I: $939
Tax: $85
Insurance: $208
PMI: $87
20% Down (No PMI)
$1,128/mo
Down: $33,000
Loan: $132K
P&I: $834
Tax: $85
Insurance: $208
Income needed (28% rule): $48K/year with 20% down, $57K/year with 10% down.
Rent vs Buy in Van Buren
Rent
$820/mo
vs
Buy (10% down)
$1,319/mo
Price-to-rent ratio: 16.8 — A ratio between 15-20 means the rent vs buy decision in Van Buren depends heavily on your timeline. If you plan to stay 5+ years, buying likely wins. For shorter stays, renting preserves flexibility.
The median home price in Van Buren is $165,000, 15% below the Arkansas state median of $195,000. With a population of 23,862, Van Buren is a smaller market where home prices tend to be more accessible than in many parts of Arkansas.
Property taxes in Arkansas average 0.62% annually. This low property tax rate is a significant advantage for Van Buren 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 Van Buren is $820/month. The price-to-rent ratio in Van Buren is moderate, meaning the buy-vs-rent decision depends heavily on how long you plan to stay.
Van Buren offers strong affordability. With median prices under $250K, first-time buyers have realistic paths to homeownership, especially combined with Arkansas's ADFA Down Payment Assistance program.
Run a Rent vs Buy analysis
Compare total costs of renting vs buying in Van Buren.