Fort Smith, AR—72908
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 $225,000, with a year-over-year change of 1.2%. This indicates that home prices in Fort Smith, AR are increasing. According to Zillow, the 1-year price projection is 1.3%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $225,000 | 1.2% |
| Single Family | $225,000 | 1.8% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | N/A | N/A |
3 Bed | $220,000 | 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 $1,160, with a year-over-year rent change of -10.1%. Per bedroom, the median rent as of July '25 in Fort Smith, AR is 1-bedrooms: $838, 2-bedrooms: $818, 3-bedrooms: $1,290, 4-bedrooms: $1,780. The most common rental property sizes in Fort Smith, AR are 2-bedroom and 3-bedroom, accounting for 60.0% and 19.7% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,050 | $1,160 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $625 | $838 |
| 2 Bed Rent | $795 | $818 |
| 3 Bed Rent | $1,300 | $1,290 |
| 4 Bed Rent | $1,680 | $1,780 |
% 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 48. This is a decrease of -14.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 23.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $318,000 | -8.0% |
Listing Count | 60 | 21.0% |
| Listings as % of Homes | 0.4% | 21.0% |
Days on Market | 48 | -14.0% |
Demographics — Fort Smith, AR
As of the latest ACS Survey released in 2023, Fort Smith, AR has a population of 14,000, which has increased by 2.2% over the past 5 years. Fort Smith, AR is a moderately popular place for families, as children make up 21.2% of the population. The area has a moderately educated workforce, with 30.0% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 12.1% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 14,000 | 2.2% |
% Under 18 | 21.2% | -10.9% |
% Seniors | 19.8% | 27.7% |
% WFH | 12.1% | 505.0% |
% w/ College Degree | 30.0% | 11.9% |
As of the latest ACS Survey released in 2023, Fort Smith, AR is a predominantly white area, with 74.4% of the population identifying as white. The white population has grown by 3.9% in the last 5 years. The second most common race or ethnicity in Fort Smith, AR is hispanic, making up 8.6% of the population. Foreign-born residents account for 5.2% of the population in Fort Smith, AR, and this percentage has decreased by 30.7% 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 | 74.4% | 3.9% |
% Black | 2.3% | -67.1% |
% Hispanic | 8.6% | 7.5% |
% Asian | 6.1% | -10.3% |
% Foreign Born | 5.2% | -30.7% |
Mortgage and Risk — Fort Smith, AR
According to HUD data as of 2023, there were 232 mortgage originations in Fort Smith, AR, of which 69.0% of loans were conventional mortgages. The average loan-to-value was 64.0%, with 33.0% above 90% LTV (very high). This implies large mortgage risk in Fort Smith, AR. Investor activity is low, as 1.0% of loans were by investors. 8.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 232 |
% Conventional Loans | 69.0% |
% Government Loans | 31.0% |
% Investor Loans | 1.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 8.0% |
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 15.3%. This is considered high, suggesting that the neighborhood is heavily composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. 1-bedroom and 2-bedroom and 3-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 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 272 |
Total Units Section 8 | 272 |
% Rentals under Section 8 | 15.3% |
% Occupied Section 8 | 91.8% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $125 | $625 | $750 |
| 2 Bedroom | $185 | $795 | $980 |
| 3 Bedroom | $30 | $1,300 | $1,330 |
| 4 Bedroom | -$70 | $1,680 | $1,610 |
Affordability — Fort Smith, AR
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.1 |
| Median Home Price | $225,000 |
| Median Household Income | $68,700 |