Foreclosures in Fort Smith, AR 72908

Current Market Conditions in Fort Smith, AR

The Fort Smith real estate market has shown steady growth over the past year, with an increasing demand for homes due to its affordable prices relative to nearby larger markets. The area is attracting both first-time homebuyers and investors looking for rental opportunities, thanks to its expanding economy and revitalization projects in the downtown area.

As of late 2023, Fort Smith's housing inventory remains competitive, with a balance of new constructions and existing homes. Prices have risen moderately, reflecting a healthy market where buyers have choices, but sales remain brisk due to favorable interest rates and improving overall local economic conditions.

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.