Mortgage Rates in Malvern, Arkansas — March 2026
Updated March 2026 | Based on Malvern market data and regional lending conditions
Malvern is a growing city in Arkansas with a population of 10,886. The current 30-year fixed mortgage rate in Malvern is 6.68%, which is 0.03% above the national average. With a median home price of $147,000 and a 20% down payment of $29,400, homebuyers can expect a monthly principal and interest payment of approximately $757.
Current Mortgage Rates in Malvern, AR
Below are the current average mortgage rates available in the Malvern 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 | 6.68% | 6.65% | +0.03% |
| 15-Year Fixed | 5.94% | 5.89% | +0.05% |
| 5/1 ARM | 6.21% | 6.15% | +0.06% |
| FHA | 6.47% | 6.25% | +0.22% |
| VA | 6.22% | 6.05% | +0.17% |
| Jumbo | 6.93% | 6.85% | +0.08% |
Malvern Housing Market Overview
The Malvern housing market offers relatively affordable housing compared to many major cities. The median household income in Malvern is $44,000, and the cost of living index is 79.3 (national average = 100). Based on the 28% affordability rule, the median income in Malvern is sufficient to afford the median-priced home.
Monthly Payment Breakdown for Malvern
Based on the median home price of $147,000 with 20% down ($29,400), here is what you can expect to pay monthly in Malvern:
15-Year vs. 30-Year Mortgage in Malvern
Choosing a 15-year mortgage in Malvern at 5.94% instead of a 30-year at 6.68% would save you $94,500 in total interest over the life of the loan. However, your monthly payment would be $989 instead of $757 — an increase of $232 per month.
Calculate Your Malvern 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 Malvern
What are the current mortgage rates in Malvern, AR?
As of March 2026, the average 30-year fixed mortgage rate in Malvern, Arkansas is 6.68%, while the 15-year fixed rate is 5.94%. FHA loans average 6.47% and VA loans 6.22%. These rates are 0.03% above the national average of 6.65%.
How much is a monthly mortgage payment in Malvern?
Based on the median home price of $147,000 with 20% down, the estimated monthly mortgage payment in Malvern is $757 for principal and interest. Including property taxes of $81/month, the total monthly housing cost is approximately $838.
What income do I need to buy a home in Malvern?
Using the 28% rule, you would need an annual income of approximately $35,914 to afford the median-priced home in Malvern at $147,000. The median household income in Malvern is $44,000. The median income is currently sufficient to meet this threshold.
Is Malvern a good place to buy a home in 2026?
Malvern offers a below-average cost of living with a cost of living index of 79.3 (national average = 100). The property tax rate in Arkansas is 0.66%, which is below the national average. Malvern has a population of 10,886 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 Malvern, Arkansas area. Individual rates may vary by lender, credit score, loan amount, and other factors. Use our free calculator for a personalized estimate.