Mortgage Rates in Fort Smith, Arkansas — March 2026
Updated March 2026 | Based on Fort Smith market data and regional lending conditions
Fort Smith is a growing city in Arkansas with a population of 89,142. The current 30-year fixed mortgage rate in Fort Smith is 6.75%, which is 0.1% above the national average. With a median home price of $155,000 and a 20% down payment of $31,000, homebuyers can expect a monthly principal and interest payment of approximately $804.
Current Mortgage Rates in Fort Smith, AR
Below are the current average mortgage rates available in the Fort Smith area as of March 2026. Rates vary by lender, credit score, and loan-to-value ratio. Use our free calculator above to see your personalized estimate.
| Loan Type | Rate | National Avg | Difference |
|---|---|---|---|
| 30-Year Fixed | 6.75% | 6.65% | +0.1% |
| 15-Year Fixed | 5.99% | 5.89% | +0.1% |
| 5/1 ARM | 6.25% | 6.15% | +0.1% |
| FHA | 6.35% | 6.25% | +0.1% |
| VA | 6.15% | 6.05% | +0.1% |
| Jumbo | 6.95% | 6.85% | +0.1% |
Fort Smith Housing Market Overview
The Fort Smith housing market offers relatively affordable housing compared to many major cities. The median household income in Fort Smith is $38,250, and the cost of living index is 80.5 (national average = 100). Based on the 28% affordability rule, the median income in Fort Smith is sufficient to afford the median-priced home.
Monthly Payment Breakdown for Fort Smith
Based on the median home price of $155,000 with 20% down ($31,000), here is what you can expect to pay monthly in Fort Smith:
15-Year vs. 30-Year Mortgage in Fort Smith
Choosing a 15-year mortgage in Fort Smith at 5.99% instead of a 30-year at 6.75% would save you $101,160 in total interest over the life of the loan. However, your monthly payment would be $1,046 instead of $804 — an increase of $242 per month.
Calculate Your Fort Smith Mortgage Payment
Use our free calculator to get a personalized estimate based on your loan amount, interest rate, and term.
Open Free CalculatorFrequently Asked Questions About Mortgages in Fort Smith
What are the current mortgage rates in Fort Smith, AR?
As of March 2026, the average 30-year fixed mortgage rate in Fort Smith, Arkansas is 6.75%, while the 15-year fixed rate is 5.99%. FHA loans average 6.35% and VA loans 6.15%. These rates are 0.1% above the national average of 6.65%.
How much is a monthly mortgage payment in Fort Smith?
Based on the median home price of $155,000 with 20% down, the estimated monthly mortgage payment in Fort Smith is $804 for principal and interest. Including property taxes of $80/month, the total monthly housing cost is approximately $884.
What income do I need to buy a home in Fort Smith?
Using the 28% rule, you would need an annual income of approximately $37,886 to afford the median-priced home in Fort Smith at $155,000. The median household income in Fort Smith is $38,250. The median income is currently sufficient to meet this threshold.
Is Fort Smith a good place to buy a home in 2026?
Fort Smith offers a below-average cost of living with a cost of living index of 80.5 (national average = 100). The property tax rate in Arkansas is 0.62%, which is below the national average. Fort Smith has a population of 89,142 and offers a very affordable lifestyle.
Mortgage Rates in Other Arkansas Cities
Related Tools & Guides
Last updated: March 2026. Rates are approximate averages based on regional lending data for the Fort Smith, Arkansas area. Individual rates may vary by lender, credit score, loan amount, and other factors. Use our free calculator for a personalized estimate.