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Rent To Own Homes in Fort Smith, AR 72904

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Living in Fort Smith, AR

Fort Smith, Arkansas, offers a vibrant city lifestyle balanced with outdoor leisure opportunities. With its historical landmarks and a strong sense of community, it's an attractive residential area for families and young professionals alike. The city provides affordable housing options and easy access to amenities, making it a desirable place to call home.

Current Market Conditions in Fort Smith, AR

Fort Smith's real estate market is currently experiencing a steady rise in housing demand, driven by an influx of new residents and a diverse economy. The average home price in the area has seen an increase of approximately 8% over the past year, as more buyers are attracted to the city's affordability and amenities.

Rental properties in Fort Smith have also seen a growing demand, with vacancy rates remaining low. The city’s economic growth is expanding job opportunities, further boosting the local housing market.

Home Value Estimator For Fort Smith, AR

There are currently 29,925 real estate properties in Fort Smith, AR, with a median automated valuation model (AVM) price of $171,241.00. 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 $221,437.00, with the most expensive house in Fort Smith, AR, topping out at $20,727,600.00 and the cheapest home in Fort Smith, AR, clocking in at $10,064.00. 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 72904 Rent To Own Homes

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