Rent to own Homes in Fort Smith, AR
Situated right on the border between Arkansas and Oklahoma, Fort Smith, Arkansas, is a great place for a dose of the Old West. Fort Smith began as a Western frontier military post in 1817, and it still retains much of that Old West heritage. To the west of the city is true, mountainous, frontier land, while the Ozark foothills nearby provide a peaceful and relaxing setting for residents. The town has lots to offer in terms of family fun, like the Crystal Palace Skating Rink and Duck Ridge Paintball Park. Whether you're looking for homes to rent, homes for sale, or homes you can rent to own, you'll be impressed with all that Fort Smith has to offer.
Fort Smith, AR is a great place for affordable rent-to-own homes! With a median household income of over $45,233 and a median rent of $703, the Fort Smith, AR rent-to-own market is more affordable than the traditional housing market which has shown tremendous growth across the U.S. and with it, aggressive competition for home purchases. With the current housing shortage trend it can make it harder to become a homeowner, including in Fort Smith, AR. This means higher than average down payments for homes and higher qualification standards for conventional home loans. With a rent-to-own property, tenants are also buyers. You can live in the house for a set amount of time before you purchase it, meaning that you get to know the house, your neighbors, and your community before making the final purchase. This enables you and your family to make the right choice based on both information and experience. Rent-to-own is also a great alternative way to get into a home if you have bad credit or don't have enough saved for a down payment.
More Fort Smith, AR Property Resources
Rent to own Homes in Cities Near Fort Smith, AR
- Akins
- Alma
- Arkoma
- Barling
- Belfonte
- Bonanza
- Cameron
- Cecil
- Cedarville
- Central City
- Charleston
- Chester
- Dora
- Dyer
- Elohim City
- Fort Coffee
- Fort Smith
- Gans
- Greenwood
- Hackett
- Hanson
- Hartford
- Huntington
- Kibler
- Lavaca
- Long
- Mansfield
- Midland
- Moffett
- Mountainburg
- Mulberry
- Muldrow
- Natural Dam
- Nicut
- Panama
- Pocola
- Poteau
- Remy
- Rock Island
- Roland
- Rudy
- Short
- Spiro
- Stoney Point
- Uniontown
- Van Buren
Neighborhoods in Fort Smith, AR
Sunnymede rent to own homes South Fort Smith rent to own homes Mill Creek rent to own homes Cavanaugh rent to own homes Oak Park rent to own homes Massard rent to own homes May - Lecta - Sweet Historic District rent to own homes Fianna Hills rent to own homes Fishback Historic District rent to own homes Hillcrest rent to own homesPopular Zip Codes in Fort Smith, AR
72918 rent to own homes 72902 rent to own homes 72904 rent to own homes 72901 rent to own homes 72903 rent to own homes 72916 rent to own homes 72908 rent to own homesBuying a Home in Fort Smith, AR
Fort Smith, AR is seeing rapid growth and Fort Smith, AR's' housing market remains optimal with an average home price that is -39% below the 2024 national average. Fort Smith, AR is part of Sebastian county and taxes are an important factor to consider when purchasing a home whether through rent to own or a traditional purchase. The average tax rate as of 2024 for county Sebastian is 0.59% which is below the national average, which is 0.99%.
Median Home Price in Fort Smith, AR
Median Rent in Fort Smith, AR
Top Reasons to Live in Fort Smith, AR
Housing Statistics The median sales price for a home in Fort Smith is $121,000, which is about 50 percent below the national average. The annual residential turnover is 19.03 percent. About 15,474 homes are rented, 19,279 are owned, and 3,604 are vacant. The vacancy rate is around 11 percent.
Transportation Buses run all over the city and connect downtown to the different districts, although the city is easy to drive in as well. The Kansas City Southern Railway connects the city to other Southern towns. Being at the crossroads of two major highways, Fort Smith is a center of transportation for the whole region. The Fort Smith regional airport also makes the city easily accessible by air. For commuting in Fort Smith, many people drive cars. The median commute time is around 14 minutes.
Largest Industries Many people work in the manufacturing industry, as Fort Smith produces more goods than anywhere else in Arkansas. Weyerhaeuser, Gerber Foods, and Whirlpool are some of the companies in the area, and they employ thousands of workers. Recreation and tourism are other big industries, especially as the area continues to grow in popularity with tourists.
Arts and Culture For entertainment, Fort Smith packs a lot into a little city. There are plenty of attractions in the city, and major concerts and theater acts visit the area throughout the year. The Fort Smith Symphony is the oldest orchestra in the state and performs in town and in surrounding areas. Second Street Live is a performing and visual arts center that features great local and national art. There is also a Fort Smith regional art museum that has exhibits, art classes, and even an art school. The Riverfront Amphitheater hosts a lot of popular events. Kay Rodgers Park, an open-air stadium, is also home to many concerts. There are a number of great museums in Fort Smith, like the recently opened National U.S. Marshals Museum and the Fort Smith Air Museum. The Fort Smith Museum of History is one of the best in the area - it tells the history of city, starting from the day it was settled.
Nightlife When it comes to nightlife, you won't be disappointed. There are many restaurants, bars, and pubs to entertain you all night. Check out Arlie Muck's Tavern, an old pub with billiards and a great jukebox. The Electric Cowboy is heaps of fun - you can spend the evening dancing on its huge dance floor. Landry's New Orleans Cafe has great food and live music most nights of the week, while 21 West End will give you great eats in a more upscale atmosphere. And don't miss Neumeier's Rib Room and Beergarden, which combines BBQ, live music, and drinks all into one awesome experience.