There are currently 29,181 real estate properties in Fort Smith, AR, with a median automated valuation model (AVM) price of $175,700.00. 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 $213,250.00, with the most expensive house in Fort Smith, AR, topping out at $20,791,300.00 and the cheapest home in Fort Smith, AR, clocking in at $11,000.00. In other words, there’s something for every potential homebuyer or savvy investor 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 $982.00. Indeed, when looking to rent in Fort Smith, AR, you can expect to pay as little as $420.00 or as much as $2,880.00, 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.
Find the best foreclosure homes listings for sale — bank-owned, government (Fannie Mae, Freddie Mac, HUD, etc.) and others — in and near the Fort Smith, AR area at Foreclosure.com. Get information on foreclosure homes for rent, how to buy foreclosures in Fort Smith, AR and much more. Save thousands at closing with home foreclosure listings in Fort Smith, AR — up to 75% off market value!
Fort Smith is located in Sebastian, Arkansas, with an estimated municipal population of 87,891 residents. All of the best foreclosed homes for sale in Fort Smith are located in the following zip code areas on Foreclosure.com: 72901 72904 72908 72903 72923 72916 72905 72906 72913 72914 72917 72918 72919. The estimated population per square kilometer (.62 miles) in Fort Smith is 536.
So, about how much do homes cost in Fort Smith? The most recent median value of resident-owned homes in Fort Smith is 122,020. An estimated 50.6 percent of households in Fort Smith own their homes, with an average family size of 3.09. The median household income in Fort Smith is 41,724, with15 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Fort Smith, the median commute time of resident workers (in minutes) is 16.1. And last, but certainly not least, are you looking for homes to rent in Fort Smith? If so, the average rent price paid by renters in Fort Smith is 685, according to recent statistics.
Where a home is located is almost just as important as the home itself. Whether you are a first-time homebuyer or are relocating to Fort Smith, it is essential to take a deep dive into your potential future neighborhood. Homeownership is often a long-term relationship; therefore, be sure to do your due diligence to ensure that you make the best long-term decision.
The median age of residents in Fort Smith is 36.5, split between 49.1 percent male versus 50.9 female. The percentage of residents who report being married in Fort Smith is 44.5, with an average family size of 3.09.
The percentage of residents who report their race in Fort Smith is as follows:
| White | 64.5% |
| Black / African American | 9.5% |
| Asian | 6.3% |
| American Indian / Alaskan Native | 1.2% |
| Native Hawaiian / Other Pacifc Islander | 0% |
| Multi-racial | 5.3% |
| Other | 13.2% |
Looking for family-friendly neighborhoods in and/or near Fort Smith? Or maybe you are searching for 55+ active adult communities in and/or near Fort Smith?
The percentage of residents who report their age in Fort Smith is as follows:
| Under 10 | 13.7% |
| Aged 10-19 | 12.9% |
| 20s | 14.7% |
| 30s | 12.7% |
| 40s | 12.4% |
| 50s | 12.5% |
| 60s | 11.5% |
| 70s | 5.9% |
| 80+ | 3.7% |
It was a rollercoaster ride for academics in 2020, with school districts throughout the nation transferring their classes online because of the global pandemic. Numerous school districts will continue online courses, while others will welcome students back to campus. Regardless, homebuyers are shopping for homes in Fort Smith with dedicated in-home learning spaces, as well as for homes located within the best school systems for in-person instruction in Fort Smith.
How do you know that living in -- or moving to -- Fort Smith is right where you need to be? Perhaps you grew up in Fort Smith or already live nearby; therefore, the decision to buy a home in Fort Smith is a no-brainer. For others, however, it may not be such a straightforward or simple decision. Whether you are relocating to Fort Smith for work or just looking for a fresh start, getting a read on a neighborhood from afar (online) can be tricky... and exhausting.
Here are some questions to ask yourself when shopping for foreclosed homes for sale in Fort Smith:
In short, it always helps to create a “Pros vs. Cons” list of what you need in a home and/or neighborhood like Fort Smith.
Prospective homebuyers are clearly taking advantage of the low interest rates and numerous government assistance programs. These low interest rates mean homebuyers in Fort Smith can now afford much more house for the same monthly payment (if interest rates were higher). Motivated and opportunistic sellers in Fort Smith, meanwhile, can field multiple offers from more qualified buyers.
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