Mortgage Rates in Benton, Arkansas — March 2026
Updated March 2026 | Based on Benton market data and regional lending conditions
Benton is a growing city in Arkansas with a population of 36,820. The current 30-year fixed mortgage rate in Benton is 6.63%, which is 0.02% below the national average. With a median home price of $165,000 and a 20% down payment of $33,000, homebuyers can expect a monthly principal and interest payment of approximately $846.
Current Mortgage Rates in Benton, AR
Below are the current average mortgage rates available in the Benton 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 | 6.63% | 6.65% | -0.02% |
| 15-Year Fixed | 5.9% | 5.89% | +0.01% |
| 5/1 ARM | 6.18% | 6.15% | +0.03% |
| FHA | 6.44% | 6.25% | +0.19% |
| VA | 6.19% | 6.05% | +0.14% |
| Jumbo | 6.88% | 6.85% | +0.03% |
Benton Housing Market Overview
The Benton housing market offers relatively affordable housing compared to many major cities. The median household income in Benton is $41,400, and the cost of living index is 79.5 (national average = 100). Based on the 28% affordability rule, the median income in Benton is sufficient to afford the median-priced home.
Monthly Payment Breakdown for Benton
Based on the median home price of $165,000 with 20% down ($33,000), here is what you can expect to pay monthly in Benton:
15-Year vs. 30-Year Mortgage in Benton
Choosing a 15-year mortgage in Benton at 5.9% instead of a 30-year at 6.63% would save you $105,300 in total interest over the life of the loan. However, your monthly payment would be $1,107 instead of $846 — an increase of $261 per month.
Calculate Your Benton 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 Benton
What are the current mortgage rates in Benton, AR?
As of March 2026, the average 30-year fixed mortgage rate in Benton, Arkansas is 6.63%, while the 15-year fixed rate is 5.9%. FHA loans average 6.44% and VA loans 6.19%. These rates are 0.02% below the national average of 6.65%.
How much is a monthly mortgage payment in Benton?
Based on the median home price of $165,000 with 20% down, the estimated monthly mortgage payment in Benton is $846 for principal and interest. Including property taxes of $84/month, the total monthly housing cost is approximately $930.
What income do I need to buy a home in Benton?
Using the 28% rule, you would need an annual income of approximately $39,857 to afford the median-priced home in Benton at $165,000. The median household income in Benton is $41,400. The median income is currently sufficient to meet this threshold.
Is Benton a good place to buy a home in 2026?
Benton offers a below-average cost of living with a cost of living index of 79.5 (national average = 100). The property tax rate in Arkansas is 0.61%, which is below the national average. Benton has a population of 36,820 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 Benton, Arkansas area. Individual rates may vary by lender, credit score, loan amount, and other factors. Use our free calculator for a personalized estimate.