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According to data from ClosingCorp, the average closing cost in Arkansas is $2,562 after taxes, or approximately 1.28% to 2.56% of the final home sale price.
Closing cost stats in Arkansas
Across the state, the average home sells for between $100,000 and $200,000. If you buy a property in that range, expect to pay between $1,281 and $5,124 in closing costs after taxes.
| Data | Value |
|---|---|
| Average home sale price | $100,000 to $200,000 |
| Average total closing cost | $2,562 |
| Expected closing cost range | $1,281 to $5,124 |
| Percentage of closing cost to home sale price | 1.28% to 2.56% |
Remember, these averages are based on sample data. Your closing costs may vary based on your lender, the size of your loan and whether or not you're paying in cash.
How much does tax affect the closing cost?
Buyers and sellers in Arkansas pay an average of $506 in tax combined for the closing. This accounts for 19.75% of the total average closing cost in Arkansas.
| Value | |
|---|---|
| Average tax paid | $506 |
| Percentage of total closing cost | 19.75% |
Compare mortgage lenders and brokers
Compare top brands by home loan type, state availability and credit score. Select See rates to provide the lender with basic property and financial details for personalized rates.How do closing costs in Arkansas compare nationally?
The closing costs for buying a home in Arkansas are
amongst the nation's highest
after accounting for taxes. It’s 7th
in our rankings which rates states from lowest to highest closing cost.
| Average total closing cost in Arkansas | Ranking* | |
|---|---|---|
| Before taxes | $2,056 | 47 |
| After taxes | $2,562 | 7 |
*Ranked from lowest to highest of the 50 states plus Washington DC
Bottom line
Closing costs are inevitable when you're buying or selling a property. The exact amount will vary depending on where the property is located in Arkansas.
To save on your home loan, consider comparing the fees and rates of top lenders before signing.
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