Fort Smith
Arkansas · Ranked #56 of 373 metros
89Affordable
💡
Housing in Fort Smith costs 3.1× the median income, below the national average of 4.5×. The median home price is $182K and median rent is $857/month. Fort Smith ranks #56 of 373 metros for affordability.
Median Home Price
🏠$182K
Need $54K income
Median Rent
🔑$857
Need $34K income
Building Permits
🔨553
annual
Median Income
💰$59K
Pop: 228,922
Rent Burden
⚠️19.6%
of renters paying >30%
Homeownership
🏡66.0%
Rent Burden
vs. National Average
Key Facts vs. National Average
| Metric | Fort Smith | National |
|---|---|---|
| Price-to-Income Ratio | 3.1x | 6.1x |
| Rent Burden | 19.6% | 31.5% |
| Homeownership Rate | 66.0% | 65.5% |
| YoY Rent Change | 0% | +2.8% |
| Mortgage Denial Rate | 0.0% | 13.5% |
| Eviction Rate | 0.0% | 3.6% |
House Price Index (2000–2025)
FHFA All-Transactions HPI
Since 2019: +68.6%Since 2000: +156.7%
HUD Fair Market Rents (FY2026)
Section 8 voucher payment standards
Studio$683/mo
1 Bedroom$714/mo
2 Bedroom$937/mo
3 Bedroom$1,266/mo
4 Bedroom$1,532/mo
Zillow Market Data
Home Value (ZHVI)
$200K
1yr: +3.5%5yr: +34.4%
Rent (ZORI)
$1,009/mo
1yr: +4.0%5yr: +38.2%
Note: ZORI reflects current listing prices and may differ from the Census ACS median rent shown above, which captures what renters actually pay including below-market and subsidized units.
Redfin Market Activity
Median Sale Price
$212K
Active Inventory
915
Days on Market
71
Sold Above List
16.6%
Price Drops
20.7%