Metro area index
Home appreciation in the Fort Smith, AR-OK metro area
FHFA HPI® data shows the Fort Smith, AR-OK metro area's all-transactions index changed +3.2% over the year to Q2 2026, versus +3.1% for Arkansas and +3.0% for the U.S. That ranks 214th of 410 metro areas and divisions FHFA tracks.
- 1-year change
- +3.2%
- 5-year change
- +47.7%
- Since Q1 1995
- +212%
- Metro rank (1 year)
- 214th
U.S. +3.0%
U.S. +41.3%
U.S. +292%
of 410
Fort Smith, AR-OK vs Arkansas and the U.S.
FHFA HPI® all-transactions index, rebased so Q1 1995 = 100, through Q2 2026
- Fort Smith, AR-OK: 312.4
- Arkansas: 318.0
- United States: 391.6
Appreciation by time window
| Window | Metro | AR | U.S. | Gap vs AR | Gap vs U.S. |
|---|---|---|---|---|---|
| 1 year | +3.2% | +3.1% | +3.0% | +0.1 pts | +0.2 pts |
| 3 years | +14.6% | +12.7% | +12.9% | +2.0 pts | +1.8 pts |
| 5 years | +47.7% | +45.4% | +41.3% | +2.4 pts | +6.5 pts |
| 10 years | +87.7% | +85.9% | +93.3% | +1.8 pts | −5.7 pts |
| Since Q1 1995 | +212% | +218% | +292% | −5.7 pts | −79.2 pts |
3-digit ZIP regions in the Fort Smith, AR-OK area
Regions with at least 10% of their 2010 population inside the metro, largest overlap first. A 3-digit ZIP region can extend beyond the metro boundary.
| 3-digit ZIP region | State | 1 year | 5 years | Since Q1 1995 | Population in metro |
|---|---|---|---|---|---|
| 729 · Fort Smith, AR area | AR | +4.0% | +47.0% | +212% | 82% |
| 749 · Sallisaw, OK area | OK | +1.5% | +38.9% | +225% | 34% |
Boom, bust, and recovery in Fort Smith, AR-OK area
Fort Smith, AR-OK area's index peaked in Q1 2009, fell 6.7% to its low in Q4 2013, and regained its peak in Q3 2016, about 7.5 years after the top. Today it sits +86.9% versus that 2000s peak. How every state and ZIP region fared
| Area | 2000s peak | Low point | Peak to low | Back to peak | Today vs peak |
|---|---|---|---|---|---|
| Metro | Q1 2009 | Q4 2013 | -6.7% | Q3 2016 (7.5 yrs) | +86.9% |
| AR | Q4 2007 | Q2 2011 | -6.7% | Q3 2015 (7.8 yrs) | +89.2% |
| U.S. | Q1 2007 | Q2 2012 | -19.0% | Q4 2016 (9.8 yrs) | +89.3% |
Appreciation after inflation
Adjusting for consumer price inflation, Fort Smith, AR-OK area's index has changed +41.1% in real terms since Q1 1995. Home prices vs inflation
| Window | Inflation (CPI-U) | Metro after inflation | AR after inflation | U.S. after inflation |
|---|---|---|---|---|
| 1 year | +3.9% | -0.6% | -0.7% | -0.8% |
| 3 years | +9.8% | +4.4% | +2.6% | +2.8% |
| 5 years | +24.0% | +19.1% | +17.2% | +13.9% |
| 10 years | +39.1% | +34.9% | +33.7% | +39.0% |
| Since Q1 1995 | +121% | +41.1% | +43.6% | +76.8% |
If you bought in the Fort Smith, AR-OK area in…
An example $300,000 purchase grown at the metro index rate to Q2 2026.
| Bought in | Index change | $300,000 then, at the metro rate |
|---|---|---|
| Q2 1995 | +205% | $916,370 |
| Q2 2000 | +158% | $774,062 |
| Q2 2005 | +113% | $638,947 |
| Q2 2010 | +95.7% | $587,216 |
| Q2 2015 | +95.9% | $587,695 |
| Q2 2020 | +66.6% | $499,856 |
| Q2 2021 | +47.7% | $443,211 |
| Q2 2023 | +14.6% | $343,933 |
| Q2 2025 | +3.2% | $309,645 |
Frequently asked questions
- How much have home prices risen in the Fort Smith, AR-OK area?
- FHFA HPI® data for the Fort Smith, AR-OK metro area shows changes of +3.2% over one year, +47.7% over five years, and +87.7% over ten years to Q2 2026, and +212% since Q1 1995.
- Is the Fort Smith, AR-OK area beating the national average?
- Over the past year the metro's index moved +0.2 pts versus the U.S.; over five years the gap is +6.5 pts.
- What area does this metro index cover?
- FHFA computes metro indexes using the counties in each OMB-defined metropolitan statistical area. The index covers the whole area, so individual neighborhoods and homes can differ from it.