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Cheap Homes in Fort Smith, AR

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Fort Smith, AR Foreclosures

Current Market Conditions in in Fort Smith, AR As of February 2026?
In the past month, Fort Smith has seen a slight uptick in home sales, attributed to seasonal demand. Properties are being known to sell quickly, with some listings receiving multiple offers. The inventory remains low but is expected to stabilize as the summer months progress, supporting hopeful buyers looking to enter the market.
How much do homes sell for in Fort Smith, AR?
The average home price is currently $258,908.
In Fort Smith, AR, how many homes are available?
There are currently 2 active home listings available in Fort Smith.
What’s the average rental cost in Fort Smith, AR?
The average rental price in Fort Smith is $986.
What is the most expensive home in Fort Smith?
The most expensive home sold in Fort Smith had a price of $26,488,427.
What is currently the cheapest priced home in Fort Smith, AR?
The cheapest home for sale in Fort Smith is priced at $10,064.

Living in Fort Smith, AR

Fort Smith, Arkansas is a vibrant city known for its rich history, cultural events, and outdoor activities. With affordable living and a strong sense of community, it provides numerous amenities and recreational opportunities. The area's educational institutions and diverse neighborhoods make it an ideal place for families to settle down.

Buyer vs Seller Market in Fort Smith, AR

Fort Smith's real estate market has shown resilience in recent years, with a steady growth in home values and a diverse range of property options. The area attracts a mix of first-time homebuyers and investors, leading to increased competition and demand for housing.

With a growing local economy and an influx of new residents, the real estate landscape in Fort Smith remains dynamic. Homes here have seen appreciation due to the area’s revitalization efforts and the availability of jobs in various sectors, including healthcare, education, and manufacturing.

Home Value Estimator For Fort Smith, AR

There are currently 32,163 real estate properties in Fort Smith, AR, with a median automated valuation model (AVM) price of $185,433.00. 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 $258,908.00, with the most expensive house in Fort Smith, AR, topping out at $26,488,427.00 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.

Cheap Homes in Fort Smith, AR

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