Mortgage Rates in Gassville, Arkansas — March 2026
Updated March 2026 | Based on Gassville market data and regional lending conditions
Gassville is a smaller Arkansas community of 27,533 where home prices remain well below the national median, making homeownership more attainable. The current 30-year fixed rate here is 6.81% (0.16% above the national average). The median home price of $197,500 translates to roughly $1,128/month with 20% down — requiring an income of about $48,343, which exceeds the local median of $41,000.
Current Mortgage Rates in Gassville, AR
Below are the current average mortgage rates available in the Gassville 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 | 6.81% | 6.65% | +0.16% |
| 15-Year Fixed | 6.04% | 5.89% | +0.15% |
| 5/1 ARM | 6.29% | 6.15% | +0.14% |
| FHA | 6.53% | 6.25% | +0.28% |
| VA | 6.28% | 6.05% | +0.23% |
| Jumbo | 7.06% | 6.85% | +0.21% |
Gassville Housing Market Overview
At $197,500, Gassville offers more affordable housing than most U.S. metros. The local cost of living index is 81.2 (100 = national average), and the median household income of $41,000 still requires careful budgeting at current rate levels.
Monthly Payment Breakdown for Gassville
Based on the median home price of $197,500 with 20% down ($39,500), here is what you can expect to pay monthly in Gassville:
15-Year vs. 30-Year Mortgage in Gassville
Choosing a 15-year mortgage in Gassville at 6.04% instead of a 30-year at 6.81% would save you $130,500 in total interest over the life of the loan. However, your monthly payment would be $1,337 instead of $1,031 — an increase of $306 per month.
Calculate Your Gassville 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 Gassville
What are the current mortgage rates in Gassville, AR?
As of March 2026, the average 30-year fixed mortgage rate in Gassville, Arkansas is 6.81%, while the 15-year fixed rate is 6.04%. FHA loans average 6.53% and VA loans 6.28%. These rates are 0.16% above the national average of 6.65%.
How much is a monthly mortgage payment in Gassville?
Based on the median home price of $197,500 with 20% down, the estimated monthly mortgage payment in Gassville is $1,031 for principal and interest. Including property taxes of $97/month, the total monthly housing cost is approximately $1,128.
What income do I need to buy a home in Gassville?
Using the 28% rule, you would need an annual income of approximately $48,343 to afford the median-priced home in Gassville at $197,500. The median household income in Gassville is $41,000. This means most households would need to either earn above the median or consider homes below $197,500.
Is Gassville a good place to buy a home in 2026?
Gassville offers a below-average cost of living with a cost of living index of 81.2 (national average = 100). The property tax rate in Arkansas is 0.59%, which is below the national average. Gassville has a population of 27,533 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 Gassville, Arkansas area. Individual rates may vary by lender, credit score, loan amount, and other factors. Use our free calculator for a personalized estimate.