Quick facts: Fort smith, AR

Quick Facts

92.7
Cost of Living
below US average
89,992
Population
66.68
Crime Rate per 1000
above US average
$50,799
Median Income
below US average
$159,500
Median House Price
above US average
$878.66
Average Rent
below US average
12%
Poverty Rate
above US average
3.7%
Unemployment Rate
below US average

πŸ’΅ Affordability Calculator

Based on the 28/36 rule: housing costs should not exceed 28% of your gross income. Compared against local median income of $50,799.

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Income Needed to Buy

βœ“ Affordable
$50k/year
Based on $159,500 median home price
Assumes 30-year mortgage at 7% with 20% down payment
πŸ“Š Median income ($50,799) exceeds requirement
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Income Needed to Rent

βœ“ Affordable
$38k/year
Based on $878.66/month average rent
Annual income where rent = 28% of gross
πŸ“Š Median income ($50,799) exceeds requirement
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Fort smith, AR

Fort Smith, Arkansas, located on the western edge of the state, is the second-largest city in Arkansas and is rich in history and culture. Nestled along the banks of the Arkansas River, it has a population of approximately 87,000 residents. Fort Smith is known for its historical significance, being the site of a U.S. Army fort established in 1817 and its role as a hub during the westward expansion of the United States. The city features a vibrant downtown area with a blend of historic architecture, including the Fort Smith National Historic Site, which preserves significant landmarks from its frontier past. The city is also home to the U.S. Marshals Museum, celebrating the history of the U.S. Marshals Service. Outdoor enthusiasts can enjoy the natural beauty of nearby parks, rivers, and trails, including the Ozark National Forest. Fort Smith hosts various cultural events, fairs, and festivals throughout the year, contributing to a strong sense of community. With a growing economy, diverse dining options, and a friendly atmosphere, Fort Smith is a unique blend of history, culture, and outdoor adventure.

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