Mortgage Rates in Sherwood, Arkansas — March 2026
Updated March 2026 | Based on Sherwood market data and regional lending conditions
Sherwood is a growing city in Arkansas with a population of 32,229. The current 30-year fixed mortgage rate in Sherwood is 6.78%, which is 0.13% above the national average. With a median home price of $144,000 and a 20% down payment of $28,800, homebuyers can expect a monthly principal and interest payment of approximately $749.
Current Mortgage Rates in Sherwood, AR
Below are the current average mortgage rates available in the Sherwood 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 | 6.78% | 6.65% | +0.13% |
| 15-Year Fixed | 6.01% | 5.89% | +0.12% |
| 5/1 ARM | 6.27% | 6.15% | +0.12% |
| FHA | 6.51% | 6.25% | +0.26% |
| VA | 6.26% | 6.05% | +0.21% |
| Jumbo | 7.03% | 6.85% | +0.18% |
Sherwood Housing Market Overview
The Sherwood housing market offers relatively affordable housing compared to many major cities. The median household income in Sherwood is $50,400, and the cost of living index is 80.9 (national average = 100). Based on the 28% affordability rule, the median income in Sherwood is sufficient to afford the median-priced home.
Monthly Payment Breakdown for Sherwood
Based on the median home price of $144,000 with 20% down ($28,800), here is what you can expect to pay monthly in Sherwood:
15-Year vs. 30-Year Mortgage in Sherwood
Choosing a 15-year mortgage in Sherwood at 6.01% instead of a 30-year at 6.78% would save you $94,500 in total interest over the life of the loan. However, your monthly payment would be $973 instead of $749 — an increase of $224 per month.
Calculate Your Sherwood 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 Sherwood
What are the current mortgage rates in Sherwood, AR?
As of March 2026, the average 30-year fixed mortgage rate in Sherwood, Arkansas is 6.78%, while the 15-year fixed rate is 6.01%. FHA loans average 6.51% and VA loans 6.26%. These rates are 0.13% above the national average of 6.65%.
How much is a monthly mortgage payment in Sherwood?
Based on the median home price of $144,000 with 20% down, the estimated monthly mortgage payment in Sherwood is $749 for principal and interest. Including property taxes of $79/month, the total monthly housing cost is approximately $828.
What income do I need to buy a home in Sherwood?
Using the 28% rule, you would need an annual income of approximately $35,486 to afford the median-priced home in Sherwood at $144,000. The median household income in Sherwood is $50,400. The median income is currently sufficient to meet this threshold.
Is Sherwood a good place to buy a home in 2026?
Sherwood offers a below-average cost of living with a cost of living index of 80.9 (national average = 100). The property tax rate in Arkansas is 0.66%, which is below the national average. Sherwood has a population of 32,229 and offers a very affordable lifestyle.
Mortgage Rates in Other Arkansas Cities
Related Tools & Guides
Last updated: March 2026. Rates are approximate averages based on regional lending data for the Sherwood, Arkansas area. Individual rates may vary by lender, credit score, loan amount, and other factors. Use our free calculator for a personalized estimate.