Fort Smith, AR home prices
Typical home $202,649 · +4.4% in a year · income needed $55,600
The Fort Smith, AR metro area ranks 624 of 894 U.S. metros for home values (U.S. typical home: $366,157). Prices changed +4.4% in a year and +24.7% over five years. With 20% down at 7.11%, the typical home costs about $1,297 a month including 0.62% property tax (Sebastian County rate).
Mortgage on the typical Fort Smith home
| Down payment | Cash down | Loan | Principal + interest | PMI / MIP | Tax + insurance | Total / month | Income needed |
|---|---|---|---|---|---|---|---|
| 20% down | $40,530 | $162,119 | $1,091 | $0 | $207 | $1,297 | $55,600 |
| 10% down | $20,265 | $182,384 | $1,227 | $76 | $207 | $1,510 | $64,700 |
| 5% down | $10,132 | $192,516 | $1,295 | $80 | $207 | $1,582 | $67,800 |
| 3.5% down (FHA) | $7,093 | $198,978 | $1,339 | $90 | $207 | $1,635 | $70,100 |
Assumes a 30-year fixed loan at 7.11%, property tax of 0.62% of the home value a year, homeowners insurance of 0.6% a year, PMI of 0.5% of the loan a year when the down payment is under 20%, and FHA mortgage insurance of 0.55% a year plus a 1.75% upfront premium added to the loan. Your rate, taxes and insurance will differ.
Counties in the Fort Smith area
| County | Typical home | 1-yr change | Tax rate |
|---|---|---|---|
| Sebastian County, AR | $202,172 | +3.3% | 0.62% |
| Crawford County, AR | $220,684 | +6.0% | 0.54% |
| Sequoyah County, OK | $189,021 | +4.7% | 0.55% |
| Franklin County, AR | $175,565 | +4.8% | 0.49% |
What can you afford in Arkansas on your salary? · Arkansas home prices · Salaries in Arkansas
Frequently asked questions
How much is a house in Fort Smith?
The typical home in the Fort Smith, AR metro area is worth $202,649 (Zillow, September 2026).
What salary do you need to buy a house in Fort Smith?
About $55,600 a year for the typical home with 20% down at 7.11%.