Fort Smith housing market
Typical home value
$203K
▲ 4.4% 1 yr
Typical rent
$1,074/mo
▲ 3.5% 1 yr
12-month forecast
+2.2%
#241 of 546 metros
Gross rent yield
6.4%
#206 of 546 · U.S. 6.3%
Days to pending
83 days
▲ +14 days 1 yr
Listings with a price cut
23%
▲ +0.3 pts 1 yr
Key takeaways
- 1The typical home is worth $202,649, up 4.4% in a year and up 25% over five years.
- 2Zillow forecasts home values rising 2.2% over the next 12 months (U.S.: +1.1%).
- 3Typical rent is $1,074/mo (+3.5% YoY), a 6.4% gross yield, above the U.S. 6.3%.
- 4At 7.32% with 20% down, the typical home costs $1,114/mo in principal and interest, $40 more than renting.
- 5Homes go under contract in 83 days (+14 days vs last year); 23% of listings have had a price cut.
Market temperature
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
How fast homes are selling
For saleNew listings
Affordability
To buy (20% down)To rent
Source: Zillow Research (ZHVI, ZORI and market activity data).
How Fort Smith compares
| Measure | Fort Smith | United States | Rank of 546 |
|---|---|---|---|
| Home value, 1-yr change | +4.4% | +1.2% | #100 |
| Home value, 5-yr change | +24.7% | +19.7% | |
| 12-month forecast | +2.2% | +1.1% | #241 |
| Rent, 1-yr change | +3.5% | +2.7% | #258 |
| Gross rent yield | 6.4% | 6.3% | #206 |
| Price-to-rent ratio | 15.7 | 15.8 | |
| Mortgage P&I on typical home | $1,114 | $2,012 | |
| Income needed to buy | $55,872 | $100,902 | |
| Days to pending | 83 | 56 |
Cities in the Fort Smith metro
1 cities with home value and rent data.
| Fort Smith | $193K | ▲ 2.7% | $1,063 | ▲ 2.3% | 6.6% |
Run the numbers
Rental property calculator
Cash flow on a typical Fort Smith rental ($203K, $1,074/mo), pre-filled.
Mortgage calculator
Monthly payment on a typical Fort Smith home.
Rent vs buy
Is it cheaper to rent or buy in Fort Smith?
Other Arkansas metros
Little Rock, AR
$230K home$1,234 rent6.4% yield
▲ 3.7% 1 yr
Fayetteville, AR
$364K home$1,571 rent5.2% yield
▲ 2.5% 1 yr
Jonesboro, AR
$204K home$1,237 rent7.3% yield
▲ 4.4% 1 yr
Hot Springs, AR
$244K home$1,236 rent6.1% yield
▲ 0.5% 1 yr
Russellville, AR
$200K home$905 rent5.4% yield
▲ 3.3% 1 yr
Searcy, AR
$208K home$1,064 rent6.1% yield
▲ 3.8% 1 yr
Paragould, AR
$194K home$1,090 rent6.7% yield
▲ 3.2% 1 yr
Gross yield = 12 × typical rent ÷ typical home value, before expenses. Mortgage estimate: 20% down, 30-year fixed at the current Freddie Mac average, principal and interest only. Forecast: Zillow Home Value Forecast. Data refreshed Oct 26, 2026.