Data through September 2026 · updated 2026-11-07 · free, from Zillow, Realtor.com, the Census Bureau and other public sources
Typical home value$202,649+4.4% YoY · prices are rising fast
Market right nowBalanced, leaning buyersMore homes for sale than last year, 22% have cut their price
Income needed to buy, per year$43,930About 0.7× the local median income ($60,598): affordable for a typical household
Days on market64 daysAbout the same pace as a year ago
Next 12 months+2.2%Zillow expects prices to rise slightly
The typical home in Fort Smith, AR-OK is worth $202,649, up 4.4% from a year ago. That is slightly above what local incomes have historically supported: fair value is about $196,713, so the area is 3.0% overvalued. It is a balanced market, leaning toward buyers: homes take about 64 days to sell, listings are up 4% from a year ago, 22% of listings have had a price cut. Zillow expects prices to rise about 2.2% over the next year. A household needs about $43,930 a year to afford the typical home here at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $60,598. Typical rent is $1,074 a month, or $1,347 for a house. In the latest IRS figures, 808 more people moved in than out.
Home value over time
Solid: typical home value · dashed: fair value (household income × the 20-year average price-to-income ratio). Sources: FHFA, Zillow, U.S. Census Bureau.
Prices and affordability
Typical home value
$202,649
Change in 1 year
+4.4%
Overvalued %
+3.0%
Show 7 more
Fair home value
$196,713
Change in 5 years
+24.7%
Zillow forecast, next 12 months
+2.2%
Home value to income
3.3×
Monthly mortgage payment (20% down)
$1,098
Income needed to afford it
$43,930
Property tax rate
0.58%
Rent and investing
Typical rent
$1,074
Typical rent for houses
$1,347
Price-to-rent ratio
15.7×
Show 3 more
HUD Fair Market Rent, 2 bedrooms
$979
Gross rental yield
6.36%
Cap rate (estimate)
4.13%
Market activity
Listings vs a year ago
+3.5%
Days on market
64
Listings with a price cut
21.6%
Show 3 more
Homes for sale
956
Pending sales per 100 listings
4
Asking price per sq ft
$145
People and jobs
Median household income
$60,598
Population change (1 year)
+0.5%
Unemployment rate
5.0%
Show 4 more
Population
234,140
Income adjusted for cost of living
$70,545
Net moves in (IRS)
+808
Cost of living (US = 100)
85.9
Schools, risk and environment
School rating (1 to 10)
5.9
FEMA hazard risk score (0 to 100)
81.4
Unhealthy air days a year
2
Show 4 more
Flood risk score
79.8
Wildfire risk score
91.6
Walkability (1 to 20)
6.5
Road, rail and air noise
53 dB
Questions people ask
Is Fort Smith, AR-OK overvalued?
Home prices in Fort Smith, AR-OK are slightly above what local incomes have historically supported: fair value is about $196,713, so the area is 3.0% overvalued.
Is Fort Smith, AR-OK a buyer's or seller's market?
Fort Smith, AR-OK is a balanced market, leaning toward buyers: homes take about 64 days to sell, listings are up 4% from a year ago, 22% of listings have had a price cut.
Are home prices going down in Fort Smith, AR-OK?
Home values in Fort Smith, AR-OK are up 4.4% over the last year. Zillow's forecast for the next 12 months is +2.2%.
How much do you need to earn to buy a home in Fort Smith, AR-OK?
A household needs about $43,930 a year to afford the typical home in Fort Smith, AR-OK at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $60,598.