Compare Jonesboro, AR mortgage rates and fees from top lenders. Review free, personalized mortgage rates based on your specifc loan amount, program and other factors. Easily compare APRs, closing costs and monthly payments to find the lowest mortgage rates in Jonesboro.
We recommend that you contact at least five lenders as shopping multiple lenders is the best way to save money on your mortgage in Jonesboro. Plus, shopping lenders is free and there is no obligation.
June 30, 2022
Below we provide helpful information on the real estate market, home prices and housing affordability in Jonesboro. Understand how much you need to earn to afford a home in Jonesboro, including the mortgage you need to qualify for. Review the monthy payment so you can determine if owning a house in Jonesboro fits your budget. This information is based on proprietary analysis you can only find on FREEandCLEAR and we offer it to help you decide if living in Jonesboro is right for you.
The median home value for Jonesboro, AR (Craighead County) is $187,782
Based on current mortgage rates and a 10% down payment, you need to make $30,767 per year to buy the median priced home in Jonesboro
With this income, you could qualify for a $169,004 mortgage, assuming your monthly debt expense is reasonable
Based on this loan amount, the monthly mortgage payment required to buy the median priced home in Jonesboro is $713
The median household income for Jonesboro, AR (Craighead County) is $49,299
Based on this income, you can afford a home valued at approximately $300,884
The home price you can afford to buy based on household income in Jonesboro is 160% of the median home value which means housing prices are average. Jonesboro (Craighead County) ranks 74 out of 75 counties in Arkansas and 2,450 out of 3,142 counties in the United States for housing affordability.
According to the FREEandCLEAR Housing Affordability Index, the housing market in Jonesboro, AR is average
Mortgage limits affect your loan terms, mortgage program eligibility and what price home you can afford. Review the loan limits for Jonesboro (Craighead County) below.
Conforming loan limits for Jonesboro, AR
FHA loan limits for Jonesboro, AR
VA loan limits for Jonesboro, AR