Fort Smith - AR housing market
The Fort Smith metro has a typical home value of $205,433, up 4.6% from a year ago. Homes sell in 39 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 $205,433 as of August 2026, up 0.0% from the prior month, down 0.0% over three months, and up 4.6% from a year ago. Over the past two years values have ranged from $193,224 to $205,517.
Homes are going pending in about 39 days, slower than the 37 days seen three months earlier. There are roughly 1,256 homes for sale, 4% more than a year ago. 23.0% of listings have taken a price cut (up from 22.6% three months ago).
Typical rent is $1,075 a month, up 3.2% year over year, which puts the price-to-rent ratio at 15.9.
At this week's 7.40% mortgage rate with 20% down ($41,087), the typical Fort Smith home costs about $1,395 a month including tax and insurance, which needs a household income of roughly $59,800 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 ($205,433) 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 4.6% over the past year. In Fort Smith - AR, that means a home worth $196,399 last year is now worth roughly $205,433.
The median sale price, what homes actually close for, is $209,875. Homes are selling at 97.1% of list price, meaning buyers have room to negotiate.
Homes listed in Fort Smith - AR sit on the market for roughly 39 days before going pending. Shorter = seller's market; longer = buyer's market.
About 23.0% of current listings have had at least one price cut. High price-cut shares signal sellers are adjusting expectations downward.
Roughly 298 new listings hit the market each month in Fort Smith - AR. There are currently 1,256 homes for sale, up 4.1% from a year ago.
The typical monthly rent in Fort Smith - AR is $1,075, up 3.2% year over year. On the Rent vs Buy Index that is a price-to-rent ratio of 15.9x, toss-up (#125 of 195 metros). The mortgage on a typical home here, 20% down at today's 7.4% 30-year rate, runs about $1,138 a month in principal and interest, $63 more than renting before taxes, insurance and upkeep. The two break even at a 6.83% 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 | $231,747 | +3.8% | 38.0d |
| Fayetteville - AR | $367,718 | +2.9% | 37.0d |