Markets/Arkansas/Fort Smith

Fort Smith, AR-OK Real Estate Market 2026

Investor-grade market analytics for Fort Smith, Arkansas. Data from Zillow ZHVI, FRED, Census ACS, and FEMA NRI. Data through August 2026.

Median Home Price

$205,433

+4.6% year-over-year

Est. Rental Yield

6.3%

gross annual

12-Month Forecast

+4.5%

base case (Zillow ZHVF)

+4.5% year-over-year

Climate Risk

31/100

Low

Market Momentum

➡️
Neutral
3.8mo supply · Score -1/7

Net migration: Bottom 46% nationally

Income Migration

📉 Wealth Drain0.84x

In-migrants avg $45,065 AGI vs out-migrants $53,815

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Opportunity Zone Market

4 ZIP codes in Fort Smith are designated Qualified Opportunity Zones (IRC 1400Z-2), eligible for capital gains tax deferral on qualifying investments. Learn more →

Fort Smith Market Summary

Fort Smith, AR-OK shows steady growth at 4.6% year-over-year appreciation, reflecting balanced market conditions with moderate demand. Affordability remains favorable with a price-to-income ratio of 3.62x, below the national average of 4.8x. Climate risk remains low (31/100), favorable for long-term investment stability. Rental yield of 6.28% is strong, making this market attractive for buy-and-hold investors.

Affordability

Affordability Score91/100
Price-to-Income Ratio3.6x (national avg 4.8x)
Median Household Income$56,717

Price Forecast Scenarios

12-month projection (Zillow ZHVF model)

Bear Case+2.3%
Base Case+4.5%
Bull Case+6.8%

Climate & Natural Hazard Risk

Fort Smith, AR-OK's primary climate exposure is heat stress (50/100). The composite climate risk score of 31/100 (Low) indicates overall risk reflecting favorable conditions for long-term real estate investment. This market benefits from relatively low natural hazard exposure compared to coastal and wildfire-prone regions.

Source: FEMA National Risk Index

Get the full Fort Smith dataset

Migration flows, ZIP-level neighborhood data, full demographics, price history, and the Market Screener.