30 Year Fixed
- 5.13 %
15 Year Fixed
- 4.7 %
1-Year ARM
- 3.98 %
5/1 ARM
- 4.3 %
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Guide to Arkansas Mortgages

Arkansas

Arkansas is located in the southern region of the United States and is famous for being the state where President Bill Clinton was governor. It boasts an incredibly diverse geography ranging from the mountainous area of the Ozarks to the Eastern lowlands along the Mississippi. Its climate is generally humid subtropical region averaging a high of 90 degrees in the summer and 50 degrees in the winter.

The state’s total population is around 2,834,797 with a density of 51.34 square mile ranking it 34th in the nation. Its demographics are as follows; 82.43% White American; 16.09% African American; 1.40% American Indian; 1.18% Asian American and 0.13% Mixed Other. The states domestic product is estimated at $87 billion dollars with a median household income of about $35,295. The state income tax ranges from 1.0% to 7.0% with a 6% sales tax on goods and certain services. Cities and counties also levy more than 300 local taxes in the Arkansas region.

The Little Rock area of Arkansas has an estimated population of 841,326 and is the largest in the state. The top 10 cities in Arkansas by population are; Little Rock, Fort Smith, Fayettville, Springdale, Jonesboro, North Little Rock, Conway, Rogers, Pine Bluff and Hot Springs.

 

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Arkansas Housing Statistics
ArkansasUSA
Total Housing1,173,043121,699,874
Total Urban610,47194,464,240
Total Rural562,57227,235,633
Occupied1,042,696110,754,106
Vacant130,34710,945,767
Owner Occupied723,53573,306,541
Renter Occupied319,16137,447,565
Vacant for Rent33,7402,745,385
Vacant for Sale18,2381,264,534
 
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