Compare Fort Smith, AR mortgage rates and fees from top lenders. Review free, personalized mortgage rates based on your specifc loan amount, program and other factors. Easily compare APRs, closing costs and monthly payments to find the lowest mortgage rates in Fort Smith.
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August 22, 2025
Below we provide helpful information on the real estate market, home prices and housing affordability in Fort Smith. Understand how much you need to earn to afford a home in Fort Smith, including the mortgage you need to qualify for. Review the monthy payment so you can determine if owning a house in Fort Smith fits your budget. This information is based on proprietary analysis you can only find on FREEandCLEAR and we offer it to help you decide if living in Fort Smith is right for you.
The median home value for Fort Smith, AR (Sebastian County) is $167,091
Based on current mortgage rates and a 10% down payment, you need to make $34,858 per year to buy the median priced home in Fort Smith
With this income, you could qualify for a $150,382 mortgage, assuming your monthly debt expense is reasonable
Based on this loan amount, the monthly mortgage payment required to buy the median priced home in Fort Smith is $807
The median household income for Fort Smith, AR (Sebastian County) is $48,573
Based on this income, you can afford a home valued at approximately $232,834
The home price you can afford to buy based on household income in Fort Smith is 139% of the median home value which means housing prices are average. Fort Smith (Sebastian County) ranks 65 out of 75 counties in Arkansas and 2,141 out of 3,142 counties in the United States for housing affordability.
According to the FREEandCLEAR Housing Affordability Index, the housing market in Fort Smith, AR is average
Mortgage limits affect your loan terms, mortgage program eligibility and what price home you can afford. Review the loan limits for Fort Smith (Sebastian County) below.
Conforming loan limits for Fort Smith, AR
FHA loan limits for Fort Smith, AR