Mortgage Rates in Paragould, Arkansas — March 2026
Updated March 2026 | Based on Paragould market data and regional lending conditions
Paragould is a growing city in Arkansas with a population of 29,535. The current 30-year fixed mortgage rate in Paragould is 6.46%, which is 0.19% below the national average. With a median home price of $140,000 and a 20% down payment of $28,000, homebuyers can expect a monthly principal and interest payment of approximately $705.
Current Mortgage Rates in Paragould, AR
Below are the current average mortgage rates available in the Paragould 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 | 6.46% | 6.65% | -0.19% |
| 15-Year Fixed | 5.7% | 5.89% | -0.19% |
| 5/1 ARM | 5.96% | 6.15% | -0.19% |
| FHA | 6.06% | 6.25% | -0.19% |
| VA | 5.86% | 6.05% | -0.19% |
| Jumbo | 6.66% | 6.85% | -0.19% |
Paragould Housing Market Overview
The Paragould housing market offers relatively affordable housing compared to many major cities. The median household income in Paragould is $36,000, and the cost of living index is 77 (national average = 100). Based on the 28% affordability rule, the median income in Paragould is sufficient to afford the median-priced home.
Monthly Payment Breakdown for Paragould
Based on the median home price of $140,000 with 20% down ($28,000), here is what you can expect to pay monthly in Paragould:
15-Year vs. 30-Year Mortgage in Paragould
Choosing a 15-year mortgage in Paragould at 5.7% instead of a 30-year at 6.46% would save you $86,940 in total interest over the life of the loan. However, your monthly payment would be $927 instead of $705 — an increase of $222 per month.
Calculate Your Paragould 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 Paragould
What are the current mortgage rates in Paragould, AR?
As of March 2026, the average 30-year fixed mortgage rate in Paragould, Arkansas is 6.46%, while the 15-year fixed rate is 5.7%. FHA loans average 6.06% and VA loans 5.86%. These rates are 0.19% below the national average of 6.65%.
How much is a monthly mortgage payment in Paragould?
Based on the median home price of $140,000 with 20% down, the estimated monthly mortgage payment in Paragould is $705 for principal and interest. Including property taxes of $70/month, the total monthly housing cost is approximately $775.
What income do I need to buy a home in Paragould?
Using the 28% rule, you would need an annual income of approximately $33,214 to afford the median-priced home in Paragould at $140,000. The median household income in Paragould is $36,000. The median income is currently sufficient to meet this threshold.
Is Paragould a good place to buy a home in 2026?
Paragould offers a below-average cost of living with a cost of living index of 77 (national average = 100). The property tax rate in Arkansas is 0.6%, which is below the national average. Paragould has a population of 29,535 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 Paragould, Arkansas area. Individual rates may vary by lender, credit score, loan amount, and other factors. Use our free calculator for a personalized estimate.