Fort Smith, AR

  • Overview
  • Performance
  • Listings
  • Buy Box

Key Performance Metrics

Market snapshot

Performance indicators for the Fort Smith short-term rental market based on reliable data.

Listings

241 / 440

Reliable / Active

Cap Rate

10%

Middle-Earners Gross Yield

Revenue

$19,210

Middle-Earners Revenue

Occupancy

52%

Middle-Earners Occupancy

Home Value

$188,546

Median Home Sale Price

Top Earners

$34,772

Top-Earners Revenue

Fort Smith

Market Revenue Seasonality

Top Listings

Highest revenue

The highest-performing listings in Fort Smith.

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B

Generally Investor friendly

Fort Smith Regulations

Short-term rentals are allowed citywide with general business licensing and annual safety inspections, but there are no specific caps or STR-only zoning limits; the permitting path is moderate and operational requirements like local contact and occupancy limits are manageable, though some uncertainty about future local rules exists.

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About Fort Smith

Fort Smith is the third-most populous city in Arkansas and one of the two county seats of Sebastian County. As of the 2020 census, the population was 89,142. It is the principal city of the Fort Smith, Arkansas–Oklahoma Metropolitan Statistical Area, a region of 298,592 residents that encompasses the Arkansas counties of Crawford, Franklin, and Sebastian, and the Oklahoma counties of LeFlore and Sequoyah. Fort Smith lies on the Arkansas–Oklahoma state border, situated at the confluence of the Arkansas and Poteau rivers, also known as Belle Point. Fort Smith was established as a western frontier military post in 1817, when it was also a center of fur trading. The city developed there. It became well known as a base for migrants' settling of the "Wild West" and for its law enforcement heritage, as it was the hub for white law enforcement of the adjacent Indian Territory.
The city government is led by Mayor George McGill (D), who in 2018 was elected as the city's mayor (the first African American in its history), and a city Board of Directors composed of three members elected at-large and four members elected by ward.

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