Fort Smith, AR is a great place to live with housing prices that are much lower than the national average. The median value of a home in Fort Smith is $155,000 compared to the US median of $338,100, making it an affordable option for those looking to purchase a home. Furthermore, the 1 year house appreciation rate in Fort Smith was 13.61% compared to the US's 8.27%, making it an attractive option for those looking to invest in real estate as well. With housing prices lower than most other areas of the country and a higher rate of appreciation, Fort Smith is an ideal location for those looking to purchase or invest in housing.
The median home cost in Fort Smith is $155,000. Home appreciation the last 10 years has been 65.3%. Home Appreciation in Fort Smith is up 18.5%.
Average Age of Homes
- The median age of Fort Smith real estate is 43 years old
The Rental Market in Fort Smith
- Renters make up 40.4% of the Fort Smith population
- 2.8% of houses and apartments in Fort Smith, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.