Fort Smith, AR housing market
Typical home value
$193K
▲ 2.7% 1 yr
Typical rent
$1,063/mo
▲ 2.3% 1 yr
Gross rent yield
6.6%
U.S. 6.3%
5-year home value change
+17%
U.S. +20%
Key takeaways
- 1The typical home in Fort Smith is worth $193,081, up 2.7% over the past year and up 17% over five years.
- 2Typical rent is $1,063 a month (+2.3% YoY), a gross rent yield of 6.6% (above the Fort Smith, AR metro's 6.4%).
- 3With 20% down at 7.32%, principal and interest on the typical home is about $1,061/mo, $2 less than typical rent.
- 4Zillow forecasts the Fort Smith, AR metro's home values to change +2.2% over the next 12 months.
Market temperature (Fort Smith, AR metro)
Buyer's market
Buyer'sNeutralSeller's
Zillow Market Heat Index: 36/100, #346 hottest of 546 metros. Below 44 favors buyers; above 55 favors sellers.
Home values and rent
Source: Zillow Research (ZHVI, ZORI and market activity data).
How Fort Smith compares
| Measure | Fort Smith | Fort Smith, AR metro | United States |
|---|---|---|---|
| Typical home value | $193,081 | $202,649 | $366,157 |
| Home value, 1-yr change | +2.7% | +4.4% | +1.2% |
| Typical rent | $1,063 | $1,074 | $1,932 |
| Rent, 1-yr change | +2.3% | +3.5% | +2.7% |
| Gross rent yield | 6.6% | 6.4% | 6.3% |
| Price-to-rent ratio | 15.1 | 15.7 | 15.8 |
| Mortgage P&I, typical home | $1,061 | $1,114 | $2,012 |
Run the numbers
Rental property calculator
Cash flow on a typical Fort Smith rental, pre-filled.
Rent vs buy in Fort Smith
Which costs less over the years you'll stay.
Mortgage calculator
Monthly payment on a $193K home.
City figures are Zillow's typical home value (ZHVI) and observed rent (ZORI). Gross yield is before expenses. Data refreshed Oct 26, 2026.