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Preforeclosure Homes in Fort Smith, AR 72903

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Living in Fort Smith, AR

Fort Smith, Arkansas is a city rich in history and natural beauty. With a lower cost of living, diverse amenities, and a variety of schools, it offers a welcoming environment for families and individuals. The nearby Ozark Mountains provide ample outdoor activities for residents.

Current Market Conditions in Fort Smith, AR

The real estate market in Fort Smith has shown steady growth, with a healthy mix of home prices that are attractive to both first-time buyers and investors. The city's affordable housing prices and increasing demand have made it a hotspot for real estate investment, elevating both single-family homes and rental properties.

Current trends indicate a strong rental market driven by young professionals and families seeking affordable options. This trend, combined with the city's economic development initiatives, suggests that Fort Smith's real estate market will continue to strengthen in the coming years.

Home Value Estimator For Fort Smith, AR

There are currently 29,919 real estate properties in Fort Smith, AR, with a median automated valuation model (AVM) price of $165,612.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Fort Smith, AR, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in Fort Smith, AR, is $218,629.00, with the most expensive house in Fort Smith, AR, topping out at $20,808,600.00 and the cheapest home in Fort Smith, AR, clocking in at $10,047.00. In other words, there’s something for every potential homebuyer or savvy investor in Fort Smith, AR!

Rent Prices In Fort Smith, AR

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Fort Smith, AR, is on a rollercoaster ride. The average rent price in Fort Smith, AR, is $986.00. Indeed, when looking to rent in Fort Smith, AR, you can expect to pay as little as $420.00 or as much as $3,280.00, with the average rent median estimated to be $930.00. The good news is that finding an affordable and desirable property to rent in Fort Smith, AR -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.

Fort Smith, AR 72903 Preforeclosure Homes


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