Fort Smith - AR housing market
The Fort Smith metro has a typical home value of $202,649, up 4.4% from a year ago. Homes sell in 38 days on average, a balanced market. 23% of listings have had a price cut. Data from Zillow Research, updated monthly.
Fort Smith housing market, October 2026
The typical Fort Smith home is worth $202,649 as of September 2026, down 0.1% from the prior month, down 0.1% over three months, and up 4.4% from a year ago. Over the past two years values have ranged from $190,799 to $202,937.
Homes are going pending in about 38 days, slower than the 34 days seen three months earlier. There are roughly 1,272 homes for sale, 4% more than a year ago. 23.3% of listings have taken a price cut (up from 22.4% three months ago).
Typical rent is $1,074 a month, up 3.2% year over year, which puts the price-to-rent ratio at 15.7.
At this week's 7.40% mortgage rate with 20% down ($40,530), the typical Fort Smith home costs about $1,376 a month including tax and insurance, which needs a household income of roughly $59,000 to stay under a 28% payment-to-income ratio.
Income needed to buy assumes 20% down, a 30-year fixed mortgage at 7.4% (Freddie Mac weekly average), property tax at 1.1% and insurance at 0.4% of value per year, and a 28% payment-to-income cap. Local taxes and insurance vary; treat it as a comparison figure across metros, not a lender's answer. All metros ranked →
How to read this data
The typical home value ($202,649) is the Zillow Home Value Index for the Fort Smith - AR metro area: a smoothed, seasonally adjusted estimate of the typical value for middle-tier homes (33rd to 67th percentile) across single-family and condo properties.
Prices are up 4.4% over the past year. In Fort Smith - AR, that means a home worth $194,108 last year is now worth roughly $202,649.
The median sale price, what homes actually close for, is $216,318. Homes are selling at 96.8% of list price, meaning buyers have room to negotiate.
Homes listed in Fort Smith - AR sit on the market for roughly 38 days before going pending. Shorter = seller's market; longer = buyer's market.
About 23.3% of current listings have had at least one price cut. High price-cut shares signal sellers are adjusting expectations downward.
Roughly 292 new listings hit the market each month in Fort Smith - AR. There are currently 1,272 homes for sale, up 3.6% from a year ago.
The typical monthly rent in Fort Smith - AR is $1,074, up 3.2% year over year. On the Rent vs Buy Index that is a price-to-rent ratio of 15.7x, toss-up (#131 of 195 metros). The mortgage on a typical home here, 20% down at today's 7.4% 30-year rate, runs about $1,122 a month in principal and interest, $48 more than renting before taxes, insurance and upkeep. The two break even at a 6.96% rate.
What's not on this page
This is market-level data, not property-level. We don't list individual homes for sale. For that, go to Zillow, Redfin, or your local MLS.
Data: Zillow Research (ZHVI and market indicators), refreshed monthly at the source. This page was rebuilt October 2026. Methodology →
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Other metros in AR
| Metro | Home value | 1-yr change | Days on market |
|---|---|---|---|
| Little Rock - AR | $230,108 | +3.7% | 40.0d |
| Fayetteville - AR | $364,497 | +2.5% | 52.0d |