3-digit ZIP regional index
Home appreciation in ZIP codes 729xxFort Smith, AR area
FHFA HPI® data shows the regional home price index for ZIP codes beginning with 729 changed +4.0% over the year to Q2 2026, compared with +3.1% for Arkansas and +3.0% for the United States.
The region covers ZIP codes 72901–72959. Most of its 2010 population lived in Sebastian County (55%), Crawford County (27%), Franklin County (7%). Communities in the region include Van Buren, Greenwood, Alma, Barling, Booneville. This is a regional index, not a ZIP5, street, or individual-home estimate.
- 1-year change
- +4.0%
- 5-year change
- +47.0%
- Since Q1 1995
- +212%
- National rank (1 year)
- 384th
Year to Q2 2026
vs U.S. +41.3%
vs U.S. +292%
of 882 ZIP3 regions
ZIP3 729 vs Arkansas and the U.S.
FHFA HPI® all-transactions index, rebased so Q1 1995 = 100, through Q2 2026
- ZIP3 729: 311.6
- Arkansas: 318.0
- Fort Smith, AR-OK metro: 312.4
- United States: 391.6
Want a different starting year? Rebase this chart or compare with another ZIP3.
Appreciation by time window
| Window | ZIP3 729 | AR | U.S. | Gap vs AR | Gap vs U.S. |
|---|---|---|---|---|---|
| 1 year | +4.0% | +3.1% | +3.0% | +0.9 pts | +1.0 pts |
| 3 years | +14.4% | +12.7% | +12.9% | +1.7 pts | +1.5 pts |
| 5 years | +47.0% | +45.4% | +41.3% | +1.6 pts | +5.7 pts |
| 10 years | +88.9% | +85.9% | +93.3% | +3.0 pts | −4.4 pts |
| Since Q1 1995 | +212% | +218% | +292% | −6.4 pts | −79.9 pts |
If you bought in ZIP3 729 in…
Applying the regional index change from the same quarter of each year to Q2 2026 to an example $300,000 purchase price. Individual homes can differ widely from the regional average.
| Bought in | Index change | $300,000 then, at the regional rate |
|---|---|---|
| Q2 1995 | +206% | $917,429 |
| Q2 2000 | +160% | $780,416 |
| Q2 2005 | +113% | $638,435 |
| Q2 2010 | +96.2% | $588,480 |
| Q2 2015 | +97.9% | $593,675 |
| Q2 2020 | +67.2% | $501,642 |
| Q2 2021 | +47.0% | $441,034 |
| Q2 2023 | +14.4% | $343,106 |
| Q2 2025 | +4.0% | $312,036 |
How ZIP3 729 ranks
Over the past year ZIP3 729 ranks 384th of 882 3-digit ZIP regions nationally and 9th of 14 in Arkansas. Its one-year change is +1.0 pts versus the nation and +0.9 pts versus Arkansas. Rank 1 is the strongest appreciation.
| Window | National rank | Rank in Arkansas |
|---|---|---|
| 1 year | 384th of 882 | 9th of 14 |
| 3 years | 494th of 882 | 7th of 14 |
| 5 years | 350th of 882 | 3rd of 14 |
| 10 years | 485th of 882 | 4th of 14 |
| Since Q1 1995 | 721st of 879 | 4th of 14 |
Boom, bust, and recovery in ZIP3 729
ZIP3 729's index peaked in Q1 2009, fell 6.9% to its low in Q4 2013, and regained its peak in Q3 2016, about 7.5 years after the top. Today it sits +87.0% 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 |
|---|---|---|---|---|---|
| ZIP3 729 | Q1 2009 | Q4 2013 | -6.9% | Q3 2016 (7.5 yrs) | +87.0% |
| AR | Q4 2007 | Q2 2011 | -6.7% | Q3 2015 (7.8 yrs) | +89.2% |
| Metro | Q1 2009 | Q4 2013 | -6.7% | Q3 2016 (7.5 yrs) | +86.9% |
| U.S. | Q1 2007 | Q2 2012 | -19.0% | Q4 2016 (9.8 yrs) | +89.3% |
Appreciation after inflation
Adjusting for consumer price inflation, ZIP3 729's index has changed +40.7% in real terms since Q1 1995. Home prices vs inflation
| Window | Inflation (CPI-U) | ZIP3 729 after inflation | AR after inflation | Metro after inflation | U.S. after inflation |
|---|---|---|---|---|---|
| 1 year | +3.9% | +0.1% | -0.7% | -0.6% | -0.8% |
| 3 years | +9.8% | +4.2% | +2.6% | +4.4% | +2.8% |
| 5 years | +24.0% | +18.5% | +17.2% | +19.1% | +13.9% |
| 10 years | +39.1% | +35.8% | +33.7% | +34.9% | +39.0% |
| Since Q1 1995 | +121% | +40.7% | +43.6% | +41.1% | +76.8% |
Estimate appreciation for a home in ZIP3 729
Regional estimate
$566,719
- Estimated gain
- $266,719
- Index change
- +88.91%
- Start index
- 164.96
- End index
- 311.62
ZIP3 729 (Fort Smith, AR area), Q2 2016 to Q2 2026. Index type: Native 3-Digit ZIP index.
Nearby 3-digit ZIP regions
| 3-digit ZIP region | State | 1 year | 5 years | Since Q1 1995 |
|---|---|---|---|---|
| 749 · Sallisaw, OK area | OK | +1.5% | +38.9% | +225% |
| 728 · Russellville, AR area | AR | +4.0% | +45.2% | +203% |
| 727 · Fayetteville, AR area | AR | +3.6% | +58.2% | +295% |
| 744 · Muskogee, OK area | OK | +1.5% | +38.9% | +225% |
| 719 · Hot Springs, AR area | AR | +2.1% | +45.1% | +227% |
| 743 · Miami, OK area | OK | +1.5% | +38.9% | +225% |
Recent quarterly index values
| Period | Index |
|---|---|
| Q2 2026 | 311.62 |
| Q1 2026 | 306.87 |
| Q4 2025 | 314.28 |
| Q3 2025 | 302.58 |
| Q2 2025 | 299.60 |
| Q1 2025 | 305.82 |
| Q4 2024 | 291.46 |
| Q3 2024 | 295.53 |
| Q2 2024 | 284.79 |
| Q1 2024 | 280.45 |
| Q4 2023 | 276.70 |
| Q3 2023 | 270.88 |
Frequently asked questions
- How much have home prices risen in ZIP codes starting with 729?
- Based on FHFA HPI® data for 3-digit ZIP region 729, the regional index changed +4.0% over the year to Q2 2026, +47.0% over five years, +88.9% over ten years, and +212% since Q1 1995.
- Is ZIP3 729 appreciating faster than Arkansas and the U.S.?
- Over the past year the region's index +4.0% compares with +3.1% for Arkansas and +3.0% for the U.S., a gap of +1.0 pts versus the nation. Over five years the gap versus the nation is +5.7 pts.
- Which ZIP codes are in 3-digit ZIP region 729?
- All ZIP codes that begin with 729. Census 2010 ZIP Code Tabulation Areas in this region run from 72901 to 72959 (34 areas). FHFA publishes one index for the whole 3-digit region, not for each 5-digit ZIP code.
- Can I use this to value my home?
- No. The FHFA HPI® is a broad regional index of average price movement. It is not an appraisal, tax assessment, or automated valuation of any individual property. Use it as general context alongside local sales and a professional opinion.