Affordability evidence
Fort Smith, AR home values, income, and owner costs
A borrower-focused reading of the latest ACS value, income, and owner-cost evidence for Fort Smith, AR.
Source: U.S. Census Bureau
Last updated . Article facts reviewed through this date. Time-sensitive figures show their own as-of dates.
The local figures answer the first question: In Fort Smith, AR, the 2024 ACS reports a median owner-occupied home value of $178,100, median household income of $54,816, and median selected monthly owner costs of $1,321 for owners with a mortgage. For borrower planning, together, those three reference points can nevertheless help a borrower identify which search-price, income, and recurring-cost assumptions need current verification first. They remain separate medians, not the finances of one representative household, and the $1,321 measure combines recurring ownership expenses rather than real estate taxes alone. A useful affordability review starts with $178,100, $54,816, and $1,321, then replaces them with the borrower's documented income, cash, debts, property taxes, insurance, association charges, loan terms, and intended occupancy.
Fort Smith, AR's $178,100 median home-value estimate is below the statewide $188,000 estimate, with a reported city-to-state gap of 5.3%. For borrower planning, that 5.3% gap is useful for showing that a statewide midpoint may be a poor substitute for a local search range in Fort Smith, AR.