Fort Smith, AR—72903
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Fort Smith, AR
As of Oct '25, the median home price in Fort Smith, AR is $236,000, with a year-over-year change of 1.7%. This indicates that home prices in Fort Smith, AR are increasing. According to Zillow, the 1-year price projection is 1.2%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $236,000 | 1.7% |
| Single Family | $236,000 | 2.2% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $148,000 | 6.5% |
3 Bed | $218,000 | 2.3% |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Fort Smith, AR
As of July '25, Rentcast reports the average rent in Fort Smith, AR is $1,250, with a year-over-year rent change of 7.8%. Per bedroom, the median rent as of July '25 in Fort Smith, AR is 1-bedrooms: $669, 2-bedrooms: $937, 3-bedrooms: $1,800, 4-bedrooms: $2,120. The most common rental property sizes in Fort Smith, AR are 2-bedroom and 1-bedroom, accounting for 44.4% and 28.2% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $975 | $1,250 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $650 | $669 |
| 2 Bed Rent | $900 | $937 |
| 3 Bed Rent | $1,500 | $1,800 |
| 4 Bed Rent | $1,700 | $2,120 |
% of Rental Stock
Property Listings — Fort Smith, AR
As of Oct '25, Realtor.com reports that the median days on market for a home in Fort Smith, AR is 57. This is a increase of 19.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 29.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $322,000 | -11.0% |
Listing Count | 111 | 16.0% |
| Listings as % of Homes | 0.6% | 16.0% |
Days on Market | 57 | 19.0% |
Demographics — Fort Smith, AR
As of the latest ACS Survey released in 2023, Fort Smith, AR has a population of 26,300, which has remained stable by 0.7% over the past 5 years. Fort Smith, AR is a moderately popular place for families, as children make up 20.8% of the population. The area has a moderately educated workforce, with 32.8% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 7.2% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 26,300 | 0.7% |
% Under 18 | 20.8% | -5.5% |
% Seniors | 17.9% | 0.6% |
% WFH | 7.2% | 132.3% |
% w/ College Degree | 32.8% | 20.6% |
As of the latest ACS Survey released in 2023, Fort Smith, AR is a predominantly white area, with 70.6% of the population identifying as white. The white population has shrunk by 4.7% in the last 5 years. The second most common race or ethnicity in Fort Smith, AR is hispanic, making up 10.5% of the population. Foreign-born residents account for 4.9% of the population in Fort Smith, AR, and this percentage has decreased by 36.4% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 70.6% | -4.7% |
% Black | 8.1% | 37.3% |
% Hispanic | 10.5% | 14.1% |
% Asian | 3.2% | -44.8% |
% Foreign Born | 4.9% | -36.4% |
Mortgage and Risk — Fort Smith, AR
According to HUD data as of 2023, there were 296 mortgage originations in Fort Smith, AR, of which 72.0% of loans were conventional mortgages. The average loan-to-value was 68.0%, with 36.0% above 90% LTV (very high). This implies large mortgage risk in Fort Smith, AR. Investor activity is low, as 4.0% of loans were by investors. 11.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 296 |
% Conventional Loans | 72.0% |
% Government Loans | 28.0% |
% Investor Loans | 4.0% |
% Second Loans | 2.0% |
% Cash Out Refinance | 11.0% |
Loan Activity
Rentals and Section 8 — Fort Smith, AR
As of 2024, the percent of homes in Fort Smith, AR under the Section 8 program is 5.5%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. 1-bedroom and 2-bedroom units appear to be good home sizes to consider for Section 8 housing in Fort Smith, AR, because HUD payments exceed market rent, while 3-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 340 |
Total Units Section 8 | 278 |
% Rentals under Section 8 | 5.5% |
% Occupied Section 8 | 87.9% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $40 | $650 | $690 |
| 2 Bedroom | $10 | $900 | $910 |
| 3 Bedroom | -$260 | $1,500 | $1,240 |
| 4 Bedroom | -$200 | $1,700 | $1,500 |
Affordability — Fort Smith, AR
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.7 |
| Median Home Price | $236,000 |
| Median Household Income | $60,200 |