Market Overview
Home Prices in Fort Smith, AR
The median home value in Fort Smith, AR is $197,471 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 3.5% compared to a year ago and up 0.8% from two years prior.
Compared to the U.S. national median of $410,000, homes in Fort Smith are priced52% below average. Fort Smith is part of the Fort Smith, AR-OK metro area.
Over the past five years, Fort Smith home values have risen by approximately22.1%, reflecting strong long-term appreciation in this market.
Price History
Fort Smith Home Price Trend
City Comparison
Fort Smith vs. National Median
At $197,471, homes in Fort Smith cost 52% below the national median of $410,000. This makes Fort Smith a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Fort Smith?
20% Down Payment
$39,494
on $197,471
Monthly P&I
$1,030/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,308/mo
incl. taxes & insurance
Income Needed
$52,320
gross annual (30% rule)
10% Down Option
$19,747
+ PMI applies
Loan Amount (20% dn)
$157,977
at current rates
Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.
FAQ
Frequently Asked Questions
What is the average home price in Fort Smith, AR?
The median home value in Fort Smith is $197,471 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 3.5% year-over-year.
How much have home prices changed in Fort Smith?
Over the past year, home values in Fort Smith have increased by 3.5%. Over five years, prices have risen approximately 22.1%.
How much do I need to earn to buy a home in Fort Smith?
To comfortably afford the median home price of $197,471 with a 20% down payment ($39,494) at today's rates (6.8%), you'd need a gross annual income of approximately $52,320. This assumes keeping total housing costs at or below 30% of gross income.
How does Fort Smith compare to the national average home price?
The national median home value is approximately $410,000. At $197,471, homes in Fort Smith are 52% below the national average.
What metro area is Fort Smith part of?
Fort Smith is part of the Fort Smith, AR-OK metropolitan area. Home prices and market conditions can vary across the broader metro region.