Fort Smith, AR—72916
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 $318,000, with a year-over-year change of 0.7%. This indicates that home prices in Fort Smith, AR are flat. According to Zillow, the 1-year price projection is 1.0%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $318,000 | 0.7% |
| Single Family | $318,000 | 0.6% |
| 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 | $289,000 | 0.7% |
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 $1,590, with a year-over-year rent change of -3.6%. Per bedroom, the median rent as of July '25 in Fort Smith, AR is 1-bedrooms: $950, 2-bedrooms: $1,330, 3-bedrooms: $1,630, 4-bedrooms: $1,880. The most common rental property sizes in Fort Smith, AR are 3-bedroom and 2-bedroom, accounting for 41.5% and 28.7% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,600 | $1,590 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $950 | $950 |
| 2 Bed Rent | $1,240 | $1,330 |
| 3 Bed Rent | $1,600 | $1,630 |
| 4 Bed Rent | $1,800 | $1,880 |
% 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 51. 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 28.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $390,000 | 6.0% |
Listing Count | 78 | -15.0% |
| Listings as % of Homes | 0.9% | -15.0% |
Days on Market | 51 | -14.0% |
Demographics — Fort Smith, AR
As of the latest ACS Survey released in 2023, Fort Smith, AR has a population of 11,100, which has increased by 36.4% over the past 5 years. Fort Smith, AR is a moderately popular place for families, as children make up 22.0% of the population. The area has a moderately educated workforce, with 44.9% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 9.7% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 11,100 | 36.4% |
% Under 18 | 22.0% | 6.8% |
% Seniors | 15.8% | -14.6% |
% WFH | 9.7% | 54.0% |
% w/ College Degree | 44.9% | 19.4% |
As of the latest ACS Survey released in 2023, Fort Smith, AR is a predominantly white area, with 75.0% of the population identifying as white. The white population has shrunk by 13.9% in the last 5 years. The second most common race or ethnicity in Fort Smith, AR is asian, making up 6.8% of the population. Foreign-born residents account for 6.5% of the population in Fort Smith, AR, and this percentage has increased by 41.3% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 75.0% | -13.9% |
% Black | 4.1% | 105.0% |
% Hispanic | 6.2% | 264.7% |
% Asian | 6.8% | 51.1% |
% Foreign Born | 6.5% | 41.3% |
Mortgage and Risk — Fort Smith, AR
According to HUD data as of 2023, there were 307 mortgage originations in Fort Smith, AR, of which 81.0% of loans were conventional mortgages. The average loan-to-value was 63.0%, with 29.0% 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. 6.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 307 |
% Conventional Loans | 81.0% |
% Government Loans | 19.0% |
% Investor Loans | 1.0% |
% Second Loans | 2.0% |
% Cash Out Refinance | 6.0% |
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 2.0%. 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. In Fort Smith, AR, none of the tracked home sizes currently have HUD payment amounts above market rent, suggesting limited Section 8 opportunity.
Section 8 Market Size
Total Units under HUD | 23 |
Total Units Section 8 | 23 |
% Rentals under Section 8 | 2.0% |
% Occupied Section 8 | 88.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$130 | $950 | $820 |
| 2 Bedroom | -$160 | $1,240 | $1,080 |
| 3 Bedroom | -$130 | $1,600 | $1,470 |
| 4 Bedroom | -$20 | $1,800 | $1,780 |
Affordability — Fort Smith, AR
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.4 |
| Median Home Price | $318,000 |
| Median Household Income | $88,100 |