Mortgage Rates in Jonesboro, Arkansas — March 2026
Updated March 2026 | Based on Jonesboro market data and regional lending conditions
Jonesboro is a growing city in Arkansas with a population of 78,576. The current 30-year fixed mortgage rate in Jonesboro is 6.75%, which is 0.1% above the national average. With a median home price of $175,000 and a 20% down payment of $35,000, homebuyers can expect a monthly principal and interest payment of approximately $908.
Current Mortgage Rates in Jonesboro, AR
Below are the current average mortgage rates available in the Jonesboro area as of March 2026. Rates vary by lender, credit score, and loan-to-value ratio. Use our free calculator above to see your personalized estimate.
| Loan Type | Rate | National Avg | Difference |
|---|---|---|---|
| 30-Year Fixed | 6.75% | 6.65% | +0.1% |
| 15-Year Fixed | 5.99% | 5.89% | +0.1% |
| 5/1 ARM | 6.25% | 6.15% | +0.1% |
| FHA | 6.35% | 6.25% | +0.1% |
| VA | 6.15% | 6.05% | +0.1% |
| Jumbo | 6.95% | 6.85% | +0.1% |
Jonesboro Housing Market Overview
The Jonesboro housing market offers relatively affordable housing compared to many major cities. The median household income in Jonesboro is $42,250, and the cost of living index is 82.5 (national average = 100). Based on the 28% affordability rule, you would need an income of approximately $42,771 to comfortably afford the median-priced home in Jonesboro, which exceeds the current median household income.
Monthly Payment Breakdown for Jonesboro
Based on the median home price of $175,000 with 20% down ($35,000), here is what you can expect to pay monthly in Jonesboro:
15-Year vs. 30-Year Mortgage in Jonesboro
Choosing a 15-year mortgage in Jonesboro at 5.99% instead of a 30-year at 6.75% would save you $114,300 in total interest over the life of the loan. However, your monthly payment would be $1,181 instead of $908 — an increase of $273 per month.
Calculate Your Jonesboro Mortgage Payment
Use our free calculator to get a personalized estimate based on your loan amount, interest rate, and term.
Open Free CalculatorFrequently Asked Questions About Mortgages in Jonesboro
What are the current mortgage rates in Jonesboro, AR?
As of March 2026, the average 30-year fixed mortgage rate in Jonesboro, Arkansas is 6.75%, while the 15-year fixed rate is 5.99%. FHA loans average 6.35% and VA loans 6.15%. These rates are 0.1% above the national average of 6.65%.
How much is a monthly mortgage payment in Jonesboro?
Based on the median home price of $175,000 with 20% down, the estimated monthly mortgage payment in Jonesboro is $908 for principal and interest. Including property taxes of $90/month, the total monthly housing cost is approximately $998.
What income do I need to buy a home in Jonesboro?
Using the 28% rule, you would need an annual income of approximately $42,771 to afford the median-priced home in Jonesboro at $175,000. The median household income in Jonesboro is $42,250. This means most households would need to either earn above the median or consider homes below $175,000.
Is Jonesboro a good place to buy a home in 2026?
Jonesboro offers a below-average cost of living with a cost of living index of 82.5 (national average = 100). The property tax rate in Arkansas is 0.62%, which is below the national average. Jonesboro has a population of 78,576 and offers a very affordable lifestyle.
Mortgage Rates in Other Arkansas Cities
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Last updated: March 2026. Rates are approximate averages based on regional lending data for the Jonesboro, Arkansas area. Individual rates may vary by lender, credit score, loan amount, and other factors. Use our free calculator for a personalized estimate.