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These days, finding an affordable place to live in the Fort Smith area can be challenging. Home prices in Fort Smith are now at a median cost of $157,443, lower than the Arkansas average of $160,541.
The average cost of rent is $884/mo in Fort Smith, primarily driven by the current value of real estate in the Fort Smith area. While nearly 46.00% of residents own their homes outright in Fort Smith, 43.85% rent.
Housing affordability isn’t just about home prices, though. The average household income in Fort Smith is $4,920 per month. Households that rent pay about 17.96% of their income on rent here. Fort Smith's most expensive areas are in the eastern regions, while the cheapest areas are in the northwestern parts of the city.
Nearby Cities
- Arkoma, OK: less expensive homes
- Barling, AR: higher priced homes
- Moffett, OK: less expensive homes
- Van Buren, AR: less expensive homes
- Dora, AR: higher priced homes
- Pocola, OK: less expensive homes
- Roland, OK: less expensive homes
- Bonanza, AR: higher priced homes
- Old Jenny Lind, AR: less expensive homes
- Central City, AR: equally priced homes
Cities with Similar Populations
- Sumter, SC: equally priced homes
- Tampa, FL: higher priced homes
- Suffolk, VA: higher priced homes
- Syracuse, NY: equally priced homes
- Tacoma, WA: higher priced homes
- Surprise, AZ: higher priced homes
- Sunrise, FL: higher priced homes
- Sugar Land, TX: higher priced homes
- Schaumburg, IL: higher priced homes
- Scottsdale, AZ: higher priced homes
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