Home Values in Fort Smith, Arkansas — 2026 Market Report
Updated March 2026 | Balanced Market | +2.8% YoY
The median home value in Fort Smith, Arkansas is $155,000 as of March 2026, which is below the national median of $400,000. Home values in Fort Smith have increased by 2.8% over the past year and 14.8% over the last five years. With a population of 89,142 and a median household income of $38,250, the price-to-income ratio stands at 4.1x, making Fort Smith affordable for the average household.
Fort Smith Housing Market Conditions
| Metric | Fort Smith | National Avg |
|---|---|---|
| Median Home Value | $155,000 | $400,000 |
| YoY Appreciation | +2.8% | +3.8% |
| 5-Year Appreciation | +14.8% | +22.4% |
| Price per Sq Ft | $35 | $222 |
| Days on Market | 66 days | 45 days |
| Months of Supply | 4.8 | 3.5 |
| List-to-Sale Ratio | 101.3% | 98.5% |
| Monthly Homes Sold | 40 | — |
| Foreclosure Rate | 0.68% | 0.3% |
Home Value Trends in Fort Smith
A homeowner who purchased at the median price of $135,017 five years ago in Fort Smith would have gained approximately $19,983 in equity, representing a 14.8% return on investment. Over the past year alone, the typical homeowner gained $4,222 in home equity.
Affordability in Fort Smith, AR
With a median household income of $38,250 and a median home price of $155,000, the price-to-income ratio in Fort Smith is 4.1x. A ratio below 3x is generally considered affordable, while above 5x indicates significant affordability challenges. The average monthly rent of $897 compared to estimated monthly ownership costs of $817 gives a rent-vs-buy ratio of 0.91. In Fort Smith, buying is currently competitive with renting when factoring in equity accumulation.
Property Taxes in Fort Smith
The effective property tax rate in Arkansas is 0.62%. On a home valued at $155,000, the estimated annual property tax bill is $961, or approximately $80/month. Property taxes are an important factor in the total cost of homeownership and can significantly impact affordability. The cost of living index in Fort Smith is 80.5 (100 = national average), indicating living costs are below the national average.
Calculate Your Mortgage Payment in Fort Smith
Use our free calculator to estimate monthly payments for a $155,000 home
Open Mortgage CalculatorFrequently Asked Questions
What is the median home value in Fort Smith, AR?
The median home value in Fort Smith, Arkansas is $155,000 as of March 2026. Home values have changed +2.8% over the past year, with a 5-year appreciation of 14.8%.
Is Fort Smith a buyer's or seller's market?
Fort Smith is currently a balanced market with 4.8 months of housing supply. Homes spend an average of 66 days on market, and the list-to-sale price ratio is 101.3%. Supply and demand are relatively balanced.
Are home values going up in Fort Smith?
Yes, home values in Fort Smith have increased by 2.8% over the past year. The 5-year appreciation rate is 14.8%, meaning a home worth $135,017 five years ago is now worth $155,000.
Is it better to rent or buy in Fort Smith?
The average monthly rent in Fort Smith is $897, while estimated monthly homeownership costs are approximately $817. The price-to-rent ratio is 14.4. Based on current conditions, buying may be more cost-effective than renting in this market.
Home Values in Other Arkansas Cities
Related Resources
Disclaimer: Home value data for Fort Smith, Arkansas is based on publicly available market data and estimates. Actual home values may vary based on property condition, location within the city, and current market conditions. Data is updated regularly but may not reflect the most recent transactions. Last updated: March 2026.