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Fort Smith

Learn about the people, housing, costs and businesses in Fort Smith, Arkansas

Median Home$177,107
Median Rent$861/month
Population90,252
Leading IndustryRetail18% of local workforce
Home Value Growth⬆⬆+18.0% over 2 years
Young Adults30% of residentsabove average nationally
Homeowners54% of occupied units
NotableAmenity Score79/100 · highly walkable area
Fort Smith
AR

Frequently Asked Questions

What are today's mortgage rates in Fort Smith?

As of today, the 30-year fixed mortgage rate for Fort Smith is approximately 6.995% (7.043% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

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What is the median home price in Fort Smith?

The median home value in Fort Smith is $177k. The median monthly rent is $861. Annual property taxes average $1k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Fort Smith?

Home values in Fort Smith have increased 18.0% over the past two years. This indicates a strong appreciation trend. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Fort Smith?

Based on a typical all-in ownership cost of $885/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $38k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Fort Smith is $59k/year.

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What industries drive the economy in Fort Smith?

The largest employment sectors in Fort Smith are public administration (22%) and retail (18%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.