Market Overview
Home Prices in Arkoma, OK
The median home value in Arkoma, OK is $102,987 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's down 0.4% compared to a year ago and down 1.7% from two years prior.
Compared to the U.S. national median of $410,000, homes in Arkoma are priced75% below average. Arkoma is part of the Fort Smith, AR-OK metro area.
Over the past five years, Arkoma home values have risen by approximately21.8%, reflecting strong long-term appreciation in this market.
Price History
Arkoma Home Price Trend
City Comparison
Arkoma vs. National Median
At $102,987, homes in Arkoma cost 75% below the national median of $410,000. This makes Arkoma a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Arkoma?
20% Down Payment
$20,597
on $102,987
Monthly P&I
$537/mo
30-yr @ 6.8%
Total Monthly Est.
~$682/mo
incl. taxes & insurance
Income Needed
$27,280
gross annual (30% rule)
10% Down Option
$10,299
+ PMI applies
Loan Amount (20% dn)
$82,390
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 Arkoma, OK?
The median home value in Arkoma is $102,987 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's down 0.4% year-over-year.
How much have home prices changed in Arkoma?
Over the past year, home values in Arkoma have decreased by 0.4%. Over five years, prices have risen approximately 21.8%.
How much do I need to earn to buy a home in Arkoma?
To comfortably afford the median home price of $102,987 with a 20% down payment ($20,597) at today's rates (6.8%), you'd need a gross annual income of approximately $27,280. This assumes keeping total housing costs at or below 30% of gross income.
How does Arkoma compare to the national average home price?
The national median home value is approximately $410,000. At $102,987, homes in Arkoma are 75% below the national average.
What metro area is Arkoma part of?
Arkoma is part of the Fort Smith, AR-OK metropolitan area. Home prices and market conditions can vary across the broader metro region.