Mortgage Rates in Texarkana, Texas — March 2026
Updated March 2026 | Based on Texarkana market data and regional lending conditions
Texarkana is a growing city in Texas with a population of 37,442. The current 30-year fixed mortgage rate in Texarkana is 6.33%, which is 0.32% below the national average. With a median home price of $155,000 and a 20% down payment of $31,000, homebuyers can expect a monthly principal and interest payment of approximately $770.
Current Mortgage Rates in Texarkana, TX
Below are the current average mortgage rates available in the Texarkana 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 | 6.33% | 6.65% | -0.32% |
| 15-Year Fixed | 5.57% | 5.89% | -0.32% |
| 5/1 ARM | 5.83% | 6.15% | -0.32% |
| FHA | 5.93% | 6.25% | -0.32% |
| VA | 5.73% | 6.05% | -0.32% |
| Jumbo | 6.53% | 6.85% | -0.32% |
Texarkana Housing Market Overview
The Texarkana housing market offers relatively affordable housing compared to many major cities. The median household income in Texarkana is $38,000, and the cost of living index is 80 (national average = 100). Based on the 28% affordability rule, you would need an income of approximately $42,814 to comfortably afford the median-priced home in Texarkana, which exceeds the current median household income.
Monthly Payment Breakdown for Texarkana
Based on the median home price of $155,000 with 20% down ($31,000), here is what you can expect to pay monthly in Texarkana:
15-Year vs. 30-Year Mortgage in Texarkana
Choosing a 15-year mortgage in Texarkana at 5.57% instead of a 30-year at 6.33% would save you $93,960 in total interest over the life of the loan. However, your monthly payment would be $1,018 instead of $770 — an increase of $248 per month.
Calculate Your Texarkana 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 Texarkana
What are the current mortgage rates in Texarkana, TX?
As of March 2026, the average 30-year fixed mortgage rate in Texarkana, Texas is 6.33%, while the 15-year fixed rate is 5.57%. FHA loans average 5.93% and VA loans 5.73%. These rates are 0.32% below the national average of 6.65%.
How much is a monthly mortgage payment in Texarkana?
Based on the median home price of $155,000 with 20% down, the estimated monthly mortgage payment in Texarkana is $770 for principal and interest. Including property taxes of $229/month, the total monthly housing cost is approximately $999.
What income do I need to buy a home in Texarkana?
Using the 28% rule, you would need an annual income of approximately $42,814 to afford the median-priced home in Texarkana at $155,000. The median household income in Texarkana is $38,000. This means most households would need to either earn above the median or consider homes below $155,000.
Is Texarkana a good place to buy a home in 2026?
Texarkana offers a below-average cost of living with a cost of living index of 80 (national average = 100). The property tax rate in Texas is 1.77%, which is above the national average. Texarkana has a population of 37,442 and offers a very affordable lifestyle.
Mortgage Rates in Other Texas Cities
Related Tools & Guides
Last updated: March 2026. Rates are approximate averages based on regional lending data for the Texarkana, Texas area. Individual rates may vary by lender, credit score, loan amount, and other factors. Use our free calculator for a personalized estimate.