Mortgage Rates in Forrest City, Arkansas — March 2026
Updated March 2026 | Based on Forrest City market data and regional lending conditions
Forrest City is a growing city in Arkansas with a population of 14,062. The current 30-year fixed mortgage rate in Forrest City is 6.84%, which is 0.19% above 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 $812.
Current Mortgage Rates in Forrest City, AR
Below are the current average mortgage rates available in the Forrest City 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 | 6.84% | 6.65% | +0.19% |
| 15-Year Fixed | 6.06% | 5.89% | +0.17% |
| 5/1 ARM | 6.3% | 6.15% | +0.15% |
| FHA | 6.54% | 6.25% | +0.29% |
| VA | 6.29% | 6.05% | +0.24% |
| Jumbo | 7.09% | 6.85% | +0.24% |
Forrest City Housing Market Overview
The Forrest City housing market offers relatively affordable housing compared to many major cities. The median household income in Forrest City is $48,400, and the cost of living index is 82.2 (national average = 100). Based on the 28% affordability rule, the median income in Forrest City is sufficient to afford the median-priced home.
Monthly Payment Breakdown for Forrest City
Based on the median home price of $155,000 with 20% down ($31,000), here is what you can expect to pay monthly in Forrest City:
15-Year vs. 30-Year Mortgage in Forrest City
Choosing a 15-year mortgage in Forrest City at 6.06% instead of a 30-year at 6.84% would save you $103,320 in total interest over the life of the loan. However, your monthly payment would be $1,050 instead of $812 — an increase of $238 per month.
Calculate Your Forrest City 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 Forrest City
What are the current mortgage rates in Forrest City, AR?
As of March 2026, the average 30-year fixed mortgage rate in Forrest City, Arkansas is 6.84%, while the 15-year fixed rate is 6.06%. FHA loans average 6.54% and VA loans 6.29%. These rates are 0.19% above the national average of 6.65%.
How much is a monthly mortgage payment in Forrest City?
Based on the median home price of $155,000 with 20% down, the estimated monthly mortgage payment in Forrest City is $812 for principal and interest. Including property taxes of $83/month, the total monthly housing cost is approximately $895.
What income do I need to buy a home in Forrest City?
Using the 28% rule, you would need an annual income of approximately $38,357 to afford the median-priced home in Forrest City at $155,000. The median household income in Forrest City is $48,400. The median income is currently sufficient to meet this threshold.
Is Forrest City a good place to buy a home in 2026?
Forrest City offers a below-average cost of living with a cost of living index of 82.2 (national average = 100). The property tax rate in Arkansas is 0.64%, which is below the national average. Forrest City has a population of 14,062 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 Forrest City, Arkansas area. Individual rates may vary by lender, credit score, loan amount, and other factors. Use our free calculator for a personalized estimate.